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Last $6.25 USD
Change Today +0.10 / 1.63%
Volume 68.3K
ADEP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ CM
As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

adept technology inc (ADEP) Key Developments

Adept Technology Receives $1 Million Order for Lynx Mobile Robots

Adept Technology Inc. has received an order totaling more than $1 million for its Lynx autonomous intelligent vehicles (AIVs) product. The customer is Techmetics Solutions, an automation solutions provider to the hospitality, food and beverage industry in Southeast Asia. Robot deliveries are scheduled throughout the next 12 months, beginning in June 2015. This order is a testament to the advantages Lynx mobile robots provide to customers, boosting transport efficiency, process traceability and lowering operating costs. Adept Lynx AIVs provide rapid, traceable material movement in highly dynamic environments. Lynx vehicles intelligently self-navigate, avoiding obstacles and selecting the best path to complete a task. The vehicles work safely alongside people; can be deployed as a fleet to accommodate large operations; and can run in conjunction with the user's existing enterprise management system. Return on investment for a Lynx mobile robot can be as low as one year, depending on the application.

Adept Technology Seeks Acquisition

Adept Technology Inc. (NasdaqCM:ADEP) has filed a Shelf Registration in the amount of $11.32 million, Adept Technology will use the proceeds for repayment of debt, capital expenditures, the financing of possible acquisitions or business expansions, working capital and the financing of ongoing operating costs and expenses.

Adept Technology Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended March 29, 2015; Provides Revenue Guidance for the Fourth Quarter of 2015

Adept Technology Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended March 29, 2015. For the quarter, the company’s revenue was $14,114,000 compared to $15,121,000 a year ago. Operating loss was $1,092,000 compared to income of $266,000 a year ago. Loss before income taxes was $1,394,000 compared to income of $418,000 a year ago. Net loss was $1,324,000 compared to income of $265,000 a year ago. Net loss attributable to the company's common stockholders was $1,324,000 or $0.10 basic and diluted per share compared to $12,000 or $0.00 basic and diluted per share a year ago. Adjusted LBITDA was $895,000 compared to adjusted EBITDA of $1,228,000 a year ago. Foreign exchange rates impacted revenue by approximately $1 million compared to prior year rates. During the quarter, cash declined $1.5 million due to the net loss adjusted by noncash items and to cash used for working capital purposes, primarily accounts receivable. For the nine months, the company’s revenue was $40,313,000 compared to $43,280,000 a year ago. Operating loss was $3,281,000 compared to income of $173,000 a year ago. Loss before income taxes was $3,679,000 compared to income of $381,000 a year ago. Net loss was $3,599,000 compared to income of $71,000 a year ago. Net loss attributable to the company's common stockholders was $3,599,000 or $0.28 basic and diluted per share compared to $414,000 or $0.04 basic and diluted per share a year ago. Adjusted LBITDA was $2,201,000 compared to adjusted EBITDA of $2,835,000 a year ago. For the fourth quarter of 2015, the company expects revenues will be in the range of $13.5 million to $15 million.

Adept Technology Inc. to Report Q3, 2015 Results on May 04, 2015

Adept Technology Inc. announced that they will report Q3, 2015 results at 5:00 PM, US Eastern Standard Time on May 04, 2015

Adept Technology Inc., Q3 2015 Earnings Call, May 04, 2015

Adept Technology Inc., Q3 2015 Earnings Call, May 04, 2015

 

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Industry Analysis

ADEP

Industry Average

Valuation ADEP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 4.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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