Richmond, BC, August 17, 2017 – Photon Control Inc. (“Photon Control” or the “Company”) (TSX-V: PHO), a leading developer of optical measurement technologies, has reported its financial results for the three and six month periods ended June 30, 2017.
Second Quarter and Year-to-Date 2017 Highlights
- Second quarter 2017 revenue of $8.9 million increased 23% versus the prior year quarter and first half revenue of $20.8 million increased 44% versus the prior year;
- Achieved provisional customer certification to ship product from a newly designed, higher capacity and more efficient manufacturing facility; and,
- Finalized the business combination with the former Photon Control R&D Ltd. (“Photon R&D”) business.