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Integral Vision, Inc. Announces |
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Wixom, MI (March 31, 2010) - Integral Vision, Inc. (OTC Bulletin Board: INVI), a leading global supplier of automated display inspection technology, today announced financial results for its fiscal year ending December 31, 2009. BUSINESS HIGHLIGHTS "We enter 2010 with confidence that this year will be much improved over 2009," said Charles J. Drake, chairman and CEO of Integral Vision, Inc. "We expect revenues will be generated from Emerging Display Technologies and from traditional LCD manufacturers. In addition, we expect to see our gross margin increase again from the 50% we experienced in 2009. Comprehensive inspection of all types of displays seems to be a priority to display manufacturers. Yield management is now a priority for all display types. We have the ability to manufacture our product in Asia, and we have sales potential in Taiwan, Korea, China, and Japan." 2009 YEAR-END FINANCIAL RESULTS Total revenue for fiscal 2009 increased to $1,754,000 from $1,027,000 for fiscal 2008. The company lost $2.76 million, or $0.09 per share, in 2009 compared with a loss of $10.7 million, or $0.36 per share, in 2008. The company's loss in 2009 consisted of an operating loss of $1,926,000 and other expenses of $835,000. CONFERENCE CALL Integral Vision will host its usual conference call at the end of April and will announce the date and time of the call within the next few weeks. COMPANY'S INVESTOR E-MAIL LIST To be added to Integral Visions investor email list, please contact Laura Guerrant of Guerrant Associates at lguerrant@guerrantir.com ABOUT INTEGRAL VISION, INC. Integral Vision, Inc. (OTC Bulletin Board: INVI), offers display inspection technology that provides analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process as well as verification of the final product. Integral Vision has been inspecting displays since 1992 and is an industry leader committed to providing automated solutions to the quality issues Microdisplay, OLED and LCD manufacturers face in today's competitive marketplace. More information can be found at Website: www.iv-usa.com. "SAFE HARBOR" Statement under the Private Securities Litigation Reform Act of 1995 Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties include, but are not limited to: competitive conditions in the Company's markets and the effect of competitive products and pricing; technological development by the Company, its customers and its competition; the Company's available cash and access to debt and equity financing; and general economic conditions and conditions in the specific industries in which the company has significant customers. As a result, the Company's results may fluctuate. Additional information concerning risk factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's best estimates as of the date of this press release. The Company assumes no obligation to update such estimates except as required by the rules and regulations of the Securities and Exchange Commission. FINANCIAL INFORMATION The summary financial information contained in this press release, including the following information in tabular form, should be read in conjunction with the more detailed information contained in the Company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on March 31, 2010. LINK TO TABLES2009 Year End Tables (PDF) |
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Integral Vision Inc. 49113 Wixom Tech Drive Wixom, MI 48393 USA Tel: +1 248.668.9230 Fax: +1 248.668.9384 |