Israel-based Nova Measuring Instruments reported results for the fourth quarter of 2002 and year ended December 31, 2002, in which total revenues for the fourth quarter of 2002 were $5.6 million, a three percent sequential increase over revenues of $5.4 million for the third quarter of 2002, and a 54 percent increase over revenues of $3.6 million reported for the fourth quarter of 2001.
The company reported gross profit of $1.8 million (32 percent of revenues) compared with gross profit of two million dollars (37 percent of revenues) in the third quarter of 2002, and gross profit of 0.6 million (16 percent of sales) for the fourth quarter of 2001.
Net loss for the quarter was $2.5 million, or $0.17 per share, compared with a net loss of $2.7 million, or $0.18 per share, in the third quarter of 2002 and net loss of $3.3 million, or $0.23 per share, in the fourth quarter of 2001. Fourth quarter 2002 results include stock-based compensation expenses of $0.2 million. Excluding these expenses, net loss was $2.3 million, or $0.16 per share.
Nova Measuring Instruments Ltd. develops, designs and produces integrated process control systems in the semiconductor manufacturing industry. Nova provides a broad range of integrated process control solutions that link between different semiconductor processes and process equipment. — (menareport.com)
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