Imaging Dynamics Co. Ltd. Announces Senior Executive Team Changes; Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
The company reported earnings results for the second quarter and six months ended June 30, 2014. Gross revenues for the second quarter were higher by 66% to $0.72 million compared to $0.43 million for the same quarter last year. The increase in revenues is mainly due to sales in the Asia-Pacific region which has been a focus of IDC this year. Net loss for the quarter ended June 30, 2014 was $0.23 million compared to a net loss of $0.49 million for the same quarter last year
For the six months, sales were higher by 33% to $1.11 million compared to $0.84 million on a year-to-date basis. The increase in revenues is mainly due to sales in the Asia-Pacific region which has been a focus of IDC this year. Net loss year-to-date was $0.61 million compared to $1.24 million for last year, a significant improvement over the prior period results.