The Company has two business segments, the Equipment Division and the Photonics Division. The Equipment Division supplies sputtering systems used to manufacture thin-film disks for computer hard disk drives. The Photonics Division develops electro-optical devices that permit highly sensitive detection of photons in the visible and short wave infrared portions of the spectrum. Revenues reflect growth in equipment sales, particularly to international customers.
Net loss reflects the establishment of an investment reserve.
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