{"id":21517,"date":"2014-05-07T13:21:09","date_gmt":"2014-05-07T17:21:09","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=21517"},"modified":"2014-05-07T13:21:09","modified_gmt":"2014-05-07T17:21:09","slug":"perceptron-inc-nasdaqprcp-automated-systems-sales-driving-growth","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/perceptron-inc-nasdaqprcp-automated-systems-sales-driving-growth-21517","title":{"rendered":"Perceptron, inc. (NASDAQ:PRCP) Automated Systems Sales Driving Growth"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 05\/07\/2014 (wallstreetpr) \u2013\u00a0Giant seller of non-contact measurement and inspection solutions for industrial applications, <strong>Perceptron, inc. (NASDAQ:PRCP),<\/strong> is surging in the market by a high of 4.11% after reporting solid financial results for the third quarter.<\/p>\n<p style=\"text-align: justify;\">Sales for automated systems in Asia and delivery of shipments in Europe continued to drive growth in the quarter. The third quarter also saw Perceptron starting a reduction in Backlog from record levels that had reached in the previous quarters.<\/p>\n<p style=\"text-align: justify;\"><b>Perceptron Sales up by 16.9%<\/b><\/p>\n<p style=\"text-align: justify;\">Non-contact 3D solutions continued to offer manufacturer&#8217;s significant sale prepositions thus helping in improving quality while also reducing costs and shortening product development cycle. Sales for the quarter stood at $17.3 million representing an improvement of 16.9%. Largest increase in sales was reported in Asia driven by increased sales in automated system sales<\/p>\n<p style=\"text-align: justify;\">European markets continue to offer great opportunities in terms of sales seen by an increase of $470,000 in sales for the quarter compared to the same quarter last year. Perceptron, inc. (NASDAQ:PRCP),has been quick to point out that sales fluctuations that have been reported from time to time has been as a result of delivery schedules from customers that greatly differ.<\/p>\n<p style=\"text-align: justify;\">Bookings, on the other hand, dropped as expected in estimates primarily due to high bookings that had been reported in the second quarter. Backlog was up by 21.8% in the quarter, to 6.5 million as automated systems sales continued to pick in all geographical regions.<\/p>\n<p style=\"text-align: justify;\"><b>Product Mix Driving Gross Margin<\/b><\/p>\n<p style=\"text-align: justify;\">\u00a0Gross margin was up by 11.1% to $8.2 million representing an improvement of $8.2 million. Improvement in this case was as a result of improved product mix for Perceptron. Fixed nature of certain goods continues to have a variation in gross margin percentages as seen in the third quarter.<\/p>\n<p style=\"text-align: justify;\">\u00a0Salary and other related costs, as well as expenses associated with the recent executive hiring, caused Selling, General and Administrative Expenses to increase by 14.6% to $500,000. Despite an increase in operating expenses, \u00a0Perceptron, inc. (NASDAQ:PRCP)\u00a0liquidity level remained strong coming in at $33.9 million in cash and short-term investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 05\/07\/2014 (wallstreetpr) \u2013\u00a0Giant seller of non-contact measurement and inspection solutions for industrial applications, Perceptron, inc. (NASDAQ:PRCP), is surging in the market by a [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":21518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6423,6422],"stock_ticker":[],"class_list":["post-21517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqprcp","tag-perceptron-inc-nasdaqprcp","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Perceptron, inc. 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