News Article

IPG Photonics Reports Year-end Figures

The annual results for IPG Photonics have been revealed.

Fibre laser and amplifier developer IPG Photonics has announced its fourth quarter and final results for 2009.

The company showed a 19 per cent decrease in revenue over the year to $185.6 million (£124.4 million), while the firm s gross margin contracted from 46.8 to 34.6 per cent.

Moreover, operating income fell 84 per cent for the year from $57.2 million to just $9.1 million and earnings per diluted share contracted by 85 per cent as a result to $0.12.

While these figures might seem depressing to the casual observer, Dr Valentin Gapontsev, IPG Photonics chief executive officer, was more upbeat about the year and noted the company had a strong first three quarters and even managed a 19 per cent rise in revenues on a sequential basis.

He noted the company repaid $9.8 million in bank debt and ended the quarter with $82.9 million in cash and cash equivalents - an increase of $31.6 million from year-end 2008.

Indeed, Dr Gapontsev commented: "As the markets begin to emerge from the recession, customers are seeking ways to be more efficient in how they manufacture their products.

"We believe the benefits and significant cost savings that IPG s fibre laser solutions provide will continue to be recognised, enabling us to capitalise on new opportunities and strengthen our leadership position."

The company announced revenues for the first quarter of 2010 are expected to reach between $48 million and $53 million. In addition, earnings per diluted share are expected to stand in the range of $0.02 to $0.07.

IPG presently operates manufacturing facilities across the globe, including in the US, Germany, Russia and Italy, as well as having regional sales offices in India, Japan, Korea and the UK.

The firm noted that since its founding in 1990, IPG has shipped more than 40,000 units to over 500 customers worldwide.
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  or call +44 (0)24 7671 8970 for more details.

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


Search the news archive

To close this popup you can press escape or click the close icon.
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