Zygo Corporation (Nasdaq:ZIGO) today announced its financial results for the third quarter of fiscal 2013 ended March 31, 2013 and points out the following highlights:
- Bookings were $50.2 million – 18% more than previous quarter fiscal 2013 bookings and a record for bookings in a quarter.
- Backlog increased to $88.9 million, a 6-year high, the second highest end-of-quarter result.
- Book-to-bill ratio of 1.46.
Commenting on the third quarter results, John P. Jordan, Vice President, Chief Financial Officer and Treasurer of Zygo Corporation, said, “Third quarter revenue was flat compared to the previous quarter due to timing of shipments out of backlog and lower bookings at the beginning of the fiscal year, primarily attributable to weakness in the semiconductor sector. However, our initiatives in ‘next generation’ systems development are gaining traction and strengthening bookings.” More…