SMT, PCB Electronics Industry News

Valor Reports Q3 2006 Results

Nov 08, 2006

YAVNE, Israel � November 6th, 2006 - Valor Computerized Systems [Prime Standard: VCR], the leader in productivity-enhancing solutions for the Electronics Industry, announces today its financial results for the nine-month period ending September 30, 2006.

Revenues in the third quarter of 2006 accumulated to $9.2 Million, the same as in Q3-05. Revenues for the first nine months of 2006 were also similar to the revenues accumulated in the first nine months of 2005 - $26.7 Million in 2006 vs. $26.9 Million in 2005.

The net profit in the third quarter of 2006 was $754 thousand � an increase of nearly 640% over the third quarter of 2005. The net profit in the first nine months of 2006 was $2.5 Million � more than twice the profit of the parallel period of the previous year.

EBIT in Q3-06 was $714 thousand - an increase of more than 10 times compared to $68 thousand in Q3-05. In the first nine months of 2006, EBIT was $2.1 Million � 133% more than in the parallel period of 2005.

Earnings per Share (diluted) in the first nine months of 2006 were $0.12, as compared to $0.06 in the first nine months of 2005.

Commenting on the quarterly results, Ofer Shofman, Valor�s President and CEO said: �As previously reported, the results for the third quarter of 2006 were lower than originally expected due to a small number of significant orders by major customers that slipped from Q3 and are expected to materialize over the following quarters. At the same time, we remain optimistic about our future performance and continue to implement our development programs and business strategy across all regions.�

As an example, Shofman mentioned that the company has doubled the number of agents and distributors of its products in Asia over the past six months, and explained: �This increase comes to meet the growing demand for the type of solutions that we provide and will further support the consultative selling approach that we are implementing. The consultative sales process is a complex process, intended to achieve larger sales and bring higher revenues, and the steps that we are taking now are intended to ensure that our investments will bear fruit in the future.�

The complete financial report can be downloaded from the Investor Relations Section on the Valor corporate website:

About Valor

Valor Computerized Systems develops compelling technologies for simulating and optimizing the manufacture of printed circuit boards. Valor's breakthrough technologies for product design analysis, simulation and optimization of PCB assembly, and Manufacturing Operations Management increase productivity, yield and quality, and help streamline and accelerate product innovation in a fast-paced global market. Valor is listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731, ISIN IL0010845324]. Its customer base includes the majority of Tier I and Tier II companies in the electronics industry, most of which are fortune 500 companies. More information on Valor can be found on

Contact Information

Cathryn Hage, Anderson Burnbreck PR;; Tel: +44-1242-518399

Risks Regarding Forward Looking Statements

Certain statements included herein, containing forward looking terminology or the negative thereof or other variations thereof or comparable terminology, constitute ``forward-looking statements''. In addition, all information included herein with respect to projected or future results of operations, financial condition, financial performance or other financial or statistical matters constitute such forward-looking statements. The Company wishes to caution prospective investors not to rely on any such forward-looking statements as predictions of future events. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made.

For additional information, see our website at:

Jan 19, 2010 -

Symetrics Industries Purchases Valor’s Automated DFM Verification Software

Nov 02, 2009 -

Technical Resources Corp. to Feature Valor’s Manufacturing Visibility and Management Software Tools at SMTA Space Coast Expo 2009

Feb 21, 2007 -

Valor Announces vPlan - Breakthrough in Assembly Process Engineering

Feb 14, 2007 -

Valor Appoints New European President

Dec 21, 2006 -

Valor Signs Agreement with TsingHua University, Beijing

Dec 06, 2006 -

Valor Partners with MYDATA

Nov 01, 2006 -

Valor Chosen by Hitachi France for Optimized Pre-production Engineering

Sep 27, 2006 -

Valor Announces vShare

Sep 12, 2006 -

Valor Acquires Electronics Assembly MES Technologies from EO Tech GmbH

Sep 07, 2006 -

Valor Traceability Solution Targets Automotive Sector

5 more news from Valor Computerised Systems Ltd »

Jul 22, 2024 -

Seika Machinery Unveils Sayaka SAM-CT34NSL Auto Dry Slicer for Mass Production

Jul 22, 2024 -

Surf-Tech Manufacturing Corp. Ensures World-Class Quality with Advanced Conformal Coating Services

Jul 22, 2024 -

Murray Percival Co. Offers Comprehensive ESD Solutions from Protektive Pak

Jul 22, 2024 -


Jul 22, 2024 -

Juki America Announces New Regional Sales Manager for the Southwest Territory

Jul 22, 2024 -

WittcoSales Welcomes New Team Member to Enhance Customer Experience and Service

Jul 22, 2024 -

Seika Machinery to Host Free Webinar on Solder Paste Process Control

Jul 22, 2024 -

IPC Secures Funding for National Apprenticeship Program

Jul 22, 2024 -

See You at AEMS 2024 (Anaheim Electronics & Manufacturing Show)

Jul 19, 2024 -

Koh Young to Host SMTA Atlanta Chapter Technical Meeting on State-of-the-Art Test Techniques presented by Vaughan Carlson from VALUE Engrafting

See electronics manufacturing industry news »

Valor Reports Q3 2006 Results news release has been viewed 951 times

ICT Total SMT line Provider

Conductive Adhesive & Non-Conductive Adhesive Dispensing