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Photon: Photon Dynamics
built 216 days ago
Presenting for Photon Dynamics will be Jeffrey Hawthorne, president and chief executive officer. A live, audio webcast of the presentation will be available at http://www.photondynamics.com in the "Investors" section of the website. The replay of the presentation will be available after the conclusion of the presentation for two weeks.
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Photon Dynamics provides non-GAAP net income and non-GAAP earnings per share data as additional information for its operating results. These measures are not in accordance with or an alternative for GAAP, and may be different from non-GAAP measures used by other companies. Photon Dynamics' non-GAAP net income or loss and non-GAAP earnings per diluted share exclude the effect of SFAS 123 (R), restructuring charge, Impairment of fixed assets, gain or loss on sale of fixed assets, write-down of excess inventory due to cancelled order, acquired in-process research and development, amortization of intangible assets, income (loss) from discontinued operations and restatement expenses. Because SFAS 123 (R) is a material, non-cash item Photon Dynamics has ... provided non-GAAP information excluding the impact of SFAS 123 (R). Management excludes the effect of SFAS 123 (R) and other charges as indicated, because management does not believe that these charges are directly applicable to the core operating performance of Photon Dynamics. Management believes that although GAAP measures are important for investors to understand, providing investors with this non-GAAP measure provides investors additional important information to enable them to assess, in the way that management assesses, both the current and future operations of Photon Dynamics.
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SAN JOSE, Calif., March 5 /PRNewswire-FirstCall/ -- Photon Dynamics, Inc. (Nasdaq: PHTN - News), today announced it entered a contract with Schenker Korea Ltd. to carry out imports from the U.S. and distribution to locations in North Asia. Under the terms of the contract, Schenker Korea will store Photon Dynamics' critical spare parts and fulfill the logistics services in its Korea Logistics Center (KLC), located in the Free Trade Zone of Incheon International Airport. The state-of-the-art logistics hub is equipped with standardized warehouse management information technology.
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Photon Dynamics, Inc. PHTN, is a global supplier utilizing advanced machine vision technology for market leading LCD flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications. For more information about Photon Dynamics, Inc. visit: www.photondynamics.com
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Photon Dynamics reported financial results for its fourth quarter and fiscal year ended September 30, 2007. Revenue for the fourth quarter of fiscal 2007 was $24.5 million, compared to third quarter 2007 revenue of $14.4 million and $29.3 million reported for the same quarter a year ago. The net loss for the quarter was $3.4 million or $0.20 loss per share, compared to a net loss for the prior quarter of $8.7 million or $0.52 loss per share, and a restated net loss of $6.6 million or $0.39 loss per share for the same quarter a year ago.
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Hawryluk's most recent positions were vice president of advanced technology, developing new technology and products, and vice president of engineering, managing the worldwide engineering department, at Photon Dynamics. Prior to that, he served as program manager and director of engineering at KLA-Tencor, where he managed the development of the company's next-generation brightfield wafer-inspection tool. Previously, Hawryluk held a succession of management positions at Nortel Networks and Lawrence Livermore National Laboratory. Additionally, he served as Ultratech's director of engineering responsible for the 1X optical lens design and implementation, and was promoted to vice president of engineering where he was involved in the research and development of the laser processing program.
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