MFIC's 15% projected growth rate for '05 will be a thing of the past with its recent deliveries of the new M-700 Microfluidizers which were just introduced in May '05 and anticipated shipment of MMR's in late '05 or '06. The MMR's will have a $1 million price tag and will be marketed for the production of nanomaterials with very high yields to a broad range of Fortune 1000 industrial companies. In a recent CC the CEO said he expects to grow the company from $12 million in revenues in '04 to a range of $35 million to $100 million in the next few years. Here is what the CEO said today about future growth although no guidance was given:
"We anticipate realization of significant additional revenue enhancement in 2005 and beyond from bookings of additional orders for the M-700 series systems with the Constant Pressure Option. The Constant Pressure Option is one of the products of MFIC's reinvigorated R&D program that was accelerated in the second quarter of 2004..."