REDONDO BEACH, CA--(Marketwired - Oct 13, 2016) - SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, recently published an article discussing Flexpoint Sensor Systems' (
Flexpoint represents a unique opportunity given its significant diversification across industries, including automotive, consumer toys, virtual reality/augmented reality, consumer electronics, medical, robotics and wearables. In the future, the company's core technologies could be applied to high growth markets like the Internet of Things ("IoT") and Industrial Internet of Things ("IIot") as well as other industries where flexible sensors provide benefits. The growth in these end markets could drive the company's revenues significantly higher over the long-term.
Flexpoint's revenue more than doubled during the second quarter relative to Q1 due to a combination of greater billable engineering services and increased sensor production. With a number of large contracts moving into production, investors should see ongoing improvements reflected in the third and fourth quarters of the year. These improvements should continue moving into the early part of next year as the company ramps up production.
Management recently announced that purchase order volume for its Bend Sensors® increased during the third quarter across several contracts. Annualized production volumes are in the 800,000 to one million range and the backlog entering the fourth quarter is 'extremely encouraging', according to a recent press release. Additional toy and gaming manufacturers are expected to launch products in late 2016 or early 2017 to drive added revenue.
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SECFilings.com Paul Archie 406-862-2242 parchie@secfilings.com
