Citation
(2008), "Fiscal 2008 outlook", Industrial Robot, Vol. 35 No. 6. https://doi.org/10.1108/ir.2008.04935fab.006
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited
Fiscal 2008 outlook
Article Type: News From: Industrial Robot: An International Journal, Volume 35, Issue 6
Updating its previous guidance from its first quarter press release dated 7 November, 2007, for fiscal 2008 as a whole, the Company expects revenues to increase to between $52.0 million and $57.0 million, which is growth of 5 per cent to 15 per cent from fiscal 2007 levels. The Company further expects to record net income of $1.8 million to $2.3 million and adjusted EBITDA of $3.7 million to $4.5 million, and to be cash flow positive. Given the strong results of its fiscal second quarter, the Company currently expects its financial performance for fiscal 2008 as a whole will be at the higher end of this updated guidance.