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Lumisys turns profit despite dip in revenues
August 1, 1998
Lumisys turns profit despite dip in revenuesRevenues at Lumisys declined 24% during the company's second quarter. For the period (end-June), revenues were $5.4 million, compared with $7.2 million last year. The firm did post a profit of $62,000,
Lumisys turns profit despite dip in revenues
Revenues at Lumisys declined 24% during the company's second quarter. For the period (end-June), revenues were $5.4 million, compared with $7.2 million last year. The firm did post a profit of $62,000, however, compared with a net loss of $141,000 in 1997. Company executives believe the financial performance will improve going forward.
In other news, Lumisys has completed a beta test for its ACR-2000 CR system (PNN 6/98)