DALSA Reports Record Revenues of $54.6 Million and $0.20 EPS in Q1 2008
Market Wire, April, 2008
In the first quarter, cash provided by operations was $6.7 million, an increase of $2.2 million over the fourth quarter of 2007. The Company's net cash position (cash and cash equivalents and marketable securities) at the end of the first quarter was $13.5 million, a $3.8 million increase from the end of 2007.
For further detail, please refer to the first quarter 2008 Financial Statements, accompanying notes, and Management's Discussion and Analysis on the DALSA website. The address is http://www.dalsa.com/investor/2007/DSA_2008Q1_release.pdf .
Investor Conference Call Information
A conference call to discuss the first quarter 2008 results will be held this afternoon at 5:00pm ET. The conference call, followed by the question and answer period, will be broadcast live and open to anyone interested in listening at http://events.onlinebroadcasting.com/dalsa/043008/index.php . The phone numbers for those who wish to participate in the question and answer period are as follows:
Live Conference Access Information: Local Access: 416-641-6136 Toll-Free Access: 866-223-7781 Instant Replay Access information: Local Access: 416-695-5800 Toll-Free Access: 800-408-3053 Passcode: 3255894 Expiry Date: May 06, 2008
About DALSA Corporation
DALSA is an international leader in high performance digital imaging and semiconductors with approximately 1000 employees world-wide. Established in 1980, the company designs, develops, manufactures, and markets digital imaging products and solutions, in addition to providing semiconductor products and services. DALSA's core competencies are in specialized integrated circuit and electronics technology, software, and highly engineered semiconductor wafer processing. Products and services include image sensor components (CCD and CMOS); electronic digital cameras; vision processors; image processing software; and semiconductor wafer foundry services for use in MEMS, high-voltage semiconductors, image sensors and mixed-signal CMOS chips. DALSA is listed on the Toronto Stock Exchange under the symbol "DSA" and has its corporate offices in Waterloo, Ontario, Canada.
Some of the statements in this press release, including those relating to the company's strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities law. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements are detailed from time to time in DALSA's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. Investors should read review the Business Risks and Prospects sections of the DALSA 2007 annual Management's Discussion and Analysis ("MD&A") to understand the assumptions, risks and uncertainties inherent in forward looking information or statements. DALSA has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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