latest news headlines
Color Kinetics Reports Record Revenues for Third Quarter 2005
Color Kinetics Inc has announced its results of operations for the third quarter of 2005. Revenues were a record $14.1 million, a 27% increase from the $11.1 million reported in the third quarter of 2004. Net income rose to $1.3 million, up 47% from the $853,000 reported in the third quarter of 2004.
”We are very pleased with our strong third quarter performance, which reflects a broad and growing base of customers worldwide,” said Bill Sims, president and CEO. “Once again we achieved record revenues across both business units, driven in part by market adoption of new RGB systems, increased traction for the IntelliWhite series, and escalating licensing activity. As LED technology progresses, fueling adoption in both new and existing markets, we believe that Color Kinetics is well-equipped to advance the intelligent solid-state lighting industry – both for the replacement of conventional sources, and for the completely new uses of light that our technology makes possible.”
28th October 2005
HEADLINES
news archive
search stories
FOOTNOTE: Select the news type you require in the red band above; this will enable you to see the current news stories from that section
© 1999 - 2012 Entertainment Technology Press Limited News Stories
