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Last $12.82 USD
Change Today +0.26 / 2.07%
Volume 639.0
KTEC On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

key technology inc (KTEC) Snapshot

Open
$12.65
Previous Close
$12.56
Day High
$12.82
Day Low
$12.58
52 Week High
10/9/14 - $14.10
52 Week Low
05/30/14 - $11.50
Market Cap
80.5M
Average Volume 10 Days
1.6K
EPS TTM
$-0.81
Shares Outstanding
6.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for KEY TECHNOLOGY INC (KTEC)

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key technology inc (KTEC) Details

Key Technology, Inc., together with its subsidiaries, designs, manufactures, sells, and services process automation systems integrating electro-optical inspection, sorting, and process systems in the United States and internationally. It provides automated inspection systems, including belt-fed sorters - Optyx, Tegra, and Manta that are primarily used in the fresh and frozen fruit, vegetable, and potato products segments; chute-fed sorters, such as the Visys Spyder, Visys Python, and Visys Cayman, as well as Taurys for sorting nuts, dried fruits, and frozen vegetables; Veo, an optical sorter for seed corn; Tobacco Sorter used in tobacco threshing and primary processing; and ADR, an automatic defect removal systems for use in the potato strip industry. The company also offers automated inspection equipment for solid dose pharmaceuticals and nutraceuticals through its SYMETIX pharmaceutical product line. In addition, it provides conveying and processing equipment comprising Smart Shaker vibratory solutions, which include Iso-Flo, Impulse, and Horizon systems; rotary sizing and grading systems; and Turbo-Flo steam blanchers and SYMETIX equipment for pharmaceuticals and nutraceuticals. Further, the company offers preparation systems consisting of air cleaners and coolers, vegetable metering and blending systems, and bulk handling equipment, as well as conveying and preparation equipment; and integrated whole-line solutions. Additionally, it provides PROliance suite of support services, parts, protection plans, and training solutions; spare parts and post-sale field and telephone-based repair services; RemoteMD, a real-time condition and monitoring and diagnostics analysis tool for G6 optical sorters; and online training services covering optical inspection systems and vibratory conveyors. The company sells its products directly, as well as through independent sales representatives. Key Technology, Inc. was founded in 1948 and is headquartered in Walla Walla, Washington.

547 Employees
Last Reported Date: 12/12/14
Founded in 1948

key technology inc (KTEC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $300.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $200.0K
Chief Strategy Officer, President of EMEIA an...
Total Annual Compensation: $241.5K
Senior Vice President of New Products & Busin...
Total Annual Compensation: $230.0K
Senior Vice President of Global Sales
Total Annual Compensation: $224.9K
Compensation as of Fiscal Year 2014.

key technology inc (KTEC) Key Developments

Key Technology, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Full Year Ending September 30, 2015

Key Technology, Inc. announced unaudited earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported net sales of $21,581,000 against $31,598,000 a year ago. Loss from operations was $2,887,000 against $965,000 a year ago. Loss before income taxes was $2,949,000 against $1,058,000 a year ago. Net loss was $1,947,000 or $0.31 per diluted share against $697,000 or $0.11 per diluted share a year ago. For the six months period, the company reported net sales of $41,672,000 against $54,323,000 a year ago. Loss from operations was $6,109,000 against $4,845,000 a year ago. Loss before income taxes was $6,181,000 against $5,003,000 a year ago. Net loss was $3,774,000 or $0.60 per diluted share against $3,302,000 or $0.53 per diluted share a year ago. In view of significant customer order and related shipment delays and the net loss in the first half of the year, the company believes that it will not be profitable for fiscal year ended September 30, 2015. The company expects the results in the second half of 2015 to be significantly improved from the losses in the first half of the year. Net sales for the third quarter of fiscal 2015 are expected to increase significantly as compared to the net sales recorded in the second quarter of fiscal 2015. Gross margins are expected to be slightly higher in the third quarter of fiscal 2015 as compared to the second quarter of fiscal 2015.

Key Technology Appoints H. J. K. Geling as Senior Director of Sales for EMEIA

Key Technology announced the appointment of H.J.K. (Eric) Geling to the position of Senior Director of Sales for the EMEIA Region. Geling is responsible for sales and channel development in Europe, the Middle East, India, and Africa (EMEIA). He will manage the sales team that is responsible for all regional sales activities that bring Key’s digital sorters, conveying solutions, and process automation systems to food processors and other manufacturers. Prior to joining Key, Geling was with Heat and Control where he was the General Manager for their operations in North, Central, and Eastern Europe for eight years. Previously, he was Division Manager of the Florigo Division at BMA Nederland and prior to that, he was Division Manager at H&H Engineering. Geling brings 24 years of experience in the food processing industry to his position at Key. He holds an undergraduate degree in mechanical science from HTS in the Netherlands and an MBA from the Rotterdam School of Management at Erasmus University.

Key Technology to Cut About 4% of its Employees Worldwide in Second Quarter of Fiscal Year 2015

Key Technology announced that it will cut about 4% of its employees worldwide in second quarter of fiscal year 2015. The company expects this cost reduction to be fully implemented by the end third quarter, and expects to realize the payback of this charge within the same period.

 

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Industry Analysis

KTEC

Industry Average

Valuation KTEC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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