Zygo Corp.’s cost cutting and strong sales restored the Middlefield optical measurement equipment maker to profitability in the fiscal fourth quarter, officials say.
Zygo earned $4.1 million, or 23 cents a share, in the three months ended June 30. A $1.5 million tax benefit aided the bottom line.
That compares to a net loss of $47.4 million, or $2.81 a share, in the same quarter a year ago, when Zygo was restructuring its operations out of semiconductor-equipment production.
Fourth-quarter sales were $28.5 million, up 20 percent from $23.8 million a year ago.
For the full year, Zygo lost a net $3.6 million, or 37 cents a share, vs. a loss of $62 million, or $3.92 a share, the 12-month period a year earlier.
Fiscal 2010 sales were $101.3 million vs. $114.7 million in fiscal 2009.
