News Article

Advanced Photonix Projects Rapid Sales Growth

Currently shifting all of its wafer fabrication operations to its facility in Ann Arbor, the US-based photodiode chip manufacturer Advanced Photonix predicts a strong upturn in sales in the coming year.

Optoelectronic component manufacturer Advanced Photonix says that it expects sales of its detectors to grow by between 15 and 20 per cent in the next 12 months.

The company, which makes silicon-, GaAs- and InP-based avalanche photodiodes and PIN detectors, currently runs wafer fabs in both Camarillo, CA, and Dodgeville, WI, but is in the process of consolidating its chip making operations to a single facility in Ann Arbor, MI.

In its fiscal 2006 results for the 12 months that ended on March 31 this year, the company reported sales of $23.6 million, up strongly from $14.8 million last year and mostly a result of its March 2005 acquisition of Picometrix.

That deal has enabled Advanced Photonix to penetrate the telecommunications market, while it has also witnessed strong growth for industrial sensing and homeland security applications of its detectors.

CEO Richard Kurtz said, "Fiscal 2006 has been an exciting year. We have [gone] from a single product line to a three-product-line company. Looking to 2007, we are projecting revenues to grow by between 15 and 20 per cent over 2006."

Overall, Advanced Photonix reported a net loss of $3.5 million for fiscal 2006, compared with a net profit of $5.3 million in the prior year. This was largely a result of increased research and development costs and a variety of one-time charges and write-offs.

CS International to return to Brussels – bigger and better than ever!


The leading global compound semiconductor conference and exhibition will once again bring together key players from across the value chain for two-days of strategic technical sessions, dynamic talks and unrivalled networking opportunities.


Join us face-to-face between 28th – 29th June 2022

  • View the agenda.
  • 3 for the price of 1. Register your place and gain complementary access to TWO FURTHER industry leading conferences: PIC International and SSI International.
  • Email info@csinternational.net  or call +44 (0)24 7671 8970 for more details.

*90% of exhibition space has gone - book your booth before it’s too late!

Register


×
Search the news archive

To close this popup you can press escape or click the close icon.
×
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
Live Event