Rayence reports second quarter 2018 results
Rayence (www.rayence.com) today announced results for the second quarter 2018. The company reported 2Q sales of $27.49 million which represents a 15.5% year-over-year increase. The operating profit was $5.72 million, representing a 59.6 % increase over the comparable 2017 period. Strong 2Q performance shed a positive light on the company’s first half year. Both sales and operating profit during the first half of 2018 saw a double-digit growth, reporting $52.93 million in sales and $10.36 million in profit. Those were the highest results since established.
Outstanding 2Q performance was driven by recent growth in CMOS sales due to increased demand for dental CMOS among major players and new player in global healthcare sector. The sales of CMOS during the first half of 2018 increased 35.6% compared to the same period in the prior year.
Meanwhile, the sales in security sector rose a 15% while it saw a 46.3 % increase in veterinary sector showing the company’s strong position across different sectors in the market.