Unilens Vision, Inc., Florida-based provider of specialty contact lens products, reported record first quarter FY2009 sales of $1,761,526, along with record first quarter net income of $466,367, representing increases of 5.3% and 23.6% respectively from the same quarter last year, the result of continued growth of the company’s C-Vue® brand of specialty contact lenses. Sales of licensed products by company licensee Bausch & Lomb continued to increase, resulting in double-digit royalty income growth. Quarterly royalty income increased 16.4% over last year to a record $713,397.
Unilens CEO, Michael J. Pecora, commented on the strong performance, as well as on the company’s upcoming stock dividend. “We are pleased to report record first quarter sales, royalties and income for our FY2009 first quarter. Strong double-digit growth for our C-Vue brand of lenses sold exclusively to independent practitioners, combined with a 16% growth in royalty revenue derived from Bausch & Lomb’s sales of multifocal lenses that use our key technologies, was responsible for this outstanding performance.”
Continuing he said, “I am also pleased to report that the Unilens’ Board of Directors declared its regular quarterly dividend of US $0.09 per common share, payable next Friday November 28, 2008. This decision was based on the Company’s strong balance sheet, and projected operating cash flows and is consistent with the Board’s commitment that shareholders should share directly in the earnings achieved by management while continuing to execute our growth strategy.”
Unilens Vision, Inc., through its wholly owned subsidiary, Unilens Corp., licenses, manufactures, distributes, and markets contact lenses primarily under the C-Vue brand. The company’s cutting edge proprietary engineering and manufacturing technologies allow advanced multi-focal lens designs, providing relief to hundreds of thousands of people suffering from presbyopia or astigmatism.
The company markets its products to qualified practitioners through independent distributors, authorized manufacturers’ representatives, and sales representatives.
About QualityStocks:
QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.
Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net
The Quality Stocks Daily Stock Report http://video.qualitystocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment