Orad releasing new record results in revenues and earnings. Net profit 2007 up by 170 percent to USD 1.7 million
In Q4 2007 there was a considerable increase in revenues of 49 percent to USD 6.9 million compared to USD 4.6 million in the previous period. Net profit was increased from USD 0.2 million in Q4 2006 to USD 0.7 million.The gross profit margin reached 63 and was in line with last year s 63.3 percent.
This significant increase in earnings can be attributed to penetrating the market in On-Air graphics systems as well as in expanding the company s footprint in the virtual studio segment. Orad is expecting to continue the successful trend in the current financial year.Please visit www.Orad.tv to view the full report.
ORAD Hi Tec Systems GmbH
Founded in 1993, Orad is a world leader in TV production technology and is rapidly increasing its position in the real time three dimensional graphic markets. Orad's product line includes virtual studios, on-air graphics systems, channel branding, virtual advertising, sports production solutions and hardware for the virtual reality industry. Orad is a publicly traded company on Frankfurt's Wertpapierbörse Prime Standard and currently on AIM, a market operated by the London Stock Exchange plc (symbol: OHT). www.orad.tv