Adept Technology Inc (ADT): It looks like investors didn't like the...

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Re: None

Monday, 02/06/2012 7:52:40 PM

Monday, February 06, 2012 7:52:40 PM

It looks like investors didn't like the Feb 1st conference call. Maybe it's the economic situation in Europe Weighing it down.

News from the February 1st 2012 conference call was holistically positive. Revenues this quarter are up 14.2% over the same quarter a year ago. This quarter has seen ADEP net its first significant packaging revenue of close to $1 million. Recently acquired gripping technology has allowed the company to provide an innovative solution, protected by IP, in the food packaging target market. As a consumable product, the gripper component feature allows for a continued flow of high margin revenue. Positive news is coming out of its European market despite the shaky economy aboard. Europe is currently Adept's number one market, bring in 43% of revenues. Though the company does not report backlog, CEO John Dulchinos sounded quite confident that business was increasing and European orders would be expanding revenues throughout 2012.

http://seekingalpha.com/article/337681-adept-adapted-for-advancement