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Perceptron Firing On All Cylinders: Progress Update

In an update to an article written October 3 linked here Perceptron (PRCP) is firing on all cylinders in a thrust to continued growth, margin improvement, increased market share and diversification. In the second fiscal quarter ending December 31, PRCP reported a revenue increase of 88% to $23.6 million compared to $12.5 million and net income of $2.8 million compared to a loss of $400K in the year-ago quarter. The complete earnings release is linked here.

Perceptron's good fortune follows years of underperformance with revenue little changed since 2005. While the company has achieved a high level of technological innovations in the area of robotics, 3D geometric imaging-measurement and laser scanning, it remained a niche player with its fortunes ebbing and flowing between the business cycles of the automotive industry. Fortunes began to change when a new CEO, Jeffrey Armstrong, was hired due to a retirement in November of… Read More …