Rising orders at Zygo Corp. lifted fiscal fourth-quarter profits 50 percent on strong sales, restoring the Middlefield technology maker’s first full-year profit in two years as well as its best ever.
Zygo earned $6.1 million, or 33 cents a share, in the three months ended June 30, up from $4.1 million, or 23 cents a share, earned the same period a year ago.
Fourth-quarter revenues rose 50 percent to $42.7 million vs. $28.5 million last year.
For fiscal 2011, Zygo earned $18.9 million, or $1.05 a share vs. a year-ago net loss of $3.6 million, or 37 cents a share.
Full-year revenues were $150.1 million vs. $101.3 million in fiscal 2010.
CEO Chris Koliopoulos said Zygo enjoyed higher margins along with strong demand for its optical and metrology products used for precise measurements in the production of everything from telescope lenses to the nano-sized surfaces of semiconductors.
Order backlog — a leading indicator of a company’s future financial performance — stood at $62 million on June 30, up from $45 million the same date last year, Koliopoulos said.
