Ottawa Business Journal
Advertising   |   Subscriptions   |   Reprints   |   Contact Us
 
News Story
Lumenera earnings jump in Q1
By Jim Donnelly, Ottawa Business Journal Staff
Wed, May 21, 2008 9:00 AM EST

Lumenera Corp., a developer and manufacturer of digital cameras and custom imaging solutions, reported significant company growth over its latest fiscal quarter.

The Ottawa-based company reported growth in first-quarter revenues of 23.6 per cent, with earnings shooting up 109 per cent during the same time period.

The company attributed their success to the signing of large global partners in the commercial security sectors, continued orders from key OEMs and a significant increase in new customers across all three imaging divisions. They also launched four new products this past quarter, including a 32-megapixel scientific pixel shifting camera, and a two-megapixel intelligent camera.

"We are very pleased with our financial results and our ability to effectively achieve quarter-over-quarter growth," said Huw Leahy, Lumenera's president, in a statement. "We expect this trend to continue by improving the customer experience, and through the addition of new staff and innovative products, making 2008 another record year."


Email this story to a friend Printer Friendly Version


* To print this page, click on the "Printer Friendly Version" link above. When the new window opens, right-click with your mouse in the new window and select "Print".