This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Exfo loses $16.58-million (U.S.) in fiscal 2009 2009-10-13 17:34 ET - News Release Mr. Vance Oliver reports Exfo REPORTS FOURTH-QUARTER AND YEAR-END RESULTS FOR FISCAL 2009 Exfo Electro-Optical Engineering Inc. has released today fourth-quarter and year-end financial results for the fiscal year ended Aug. 31, 2009.
All amounts are in U.S. dollars unless noted otherwise.
Annual sales decreased 5.9 per cent to $172.9-million in fiscal 2009 from $183.8-million in 2008. In the fourth quarter of 2009, sales reached $36.5-million, compared with $43.6-million in the previous quarter and $50.9-million in the fourth quarter of 2008. Over all for fiscal 2009, net bookings decreased 2.2 per cent to $180.5-million from $184.6-million in 2008 for an annual book-to-bill ratio of 1.04. In the fourth quarter of 2009, net bookings totalled $40.7-million for a book-to-bill ratio of 1.11, compared with $40.2-million in the third quarter of 2009 and $45.7-million in the fourth quarter of 2008.
Gross margin improved for a seventh consecutive year to reach 61.3 per cent of sales in fiscal 2009. In the fourth quarter of 2009, gross margin amounted to 60.0 per cent, compared with 62.3 per cent in the previous quarter and 59.9 per cent in the fourth quarter of 2008.
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