Perceptron revenue up 28% as 3D scanning company reports Q2 financial results

The industrial measurement and inspection company Perceptron (NASDAQ:PRCP), headquartered in Plymouth, MI, has posted revenue of $21.8 million for the second quarter of Fiscal 2017 (Ending December 31, 2016). The total net income of the company is $2.5 million.

Revenue for the same period in 2016 is up 26.7% to $21.8 million with further highlights shown in the table below.

Financial Highlights Q2 2017. Image via: Perceptron
Financial Highlights Q2 2017. Image via: Perceptron

Sales in America, Europe and Asia

Sales in America and Asia have both shown an increase on figures from December 31 the previous year, though European sales are down by comparison.

Key sales metrics. Image via Perceptron
Key sales metrics. Image via Perceptron

Non-contact testing for the industry

Typically attached to a robotic arm, Perceptron’s sensors range, including the Helix and TriCam models, is used to inspect elements of manufactured products.

A Perceptron Helix sensor is used to examine a car door. Photo via: PerceptronMetrology on Facebook
A Perceptron Helix sensor is used to examine a car door. Photo via: PerceptronMetrology on Facebook

The image data gathered by the 3D scanners is ideal for quality testing purposes, i.e. detecting holes or other imperfections. The data could also be used to assist in reverse engineering. The digital meshes generated by the hardware can be coupled with the company’s proprietary metrology software, or exported to CAD software for further manipulation and slicing for 3D printing.

The sensors are also used as machine guidance – which is an essential part of the Smart Factory of the future. In Industry 4.0 lasers sensors such as the Helix and TriCam work as a digital-eye to feed data back to an integral cloud system where decisive action can be taken.

As a non-contact method of testing, Perceptron metrology systems and software are used by German car manufacturer Audi as seen in the clip below.

Here red TriCam sensors are used to aid the installation of a car door at Audi Neckarsulm in Germany. Clip via: Perceptron – Metrology in Focus on YouTube

Further use-cases also see company’s metrology products in aerospace, healthcare, energy and defense industries.

CEO’s statement

David Watza, who joined Perceptron as President and CEO at the start of Q2, states:

I spent time meeting with employees across a number of our regions and their knowledge of the industry and our customers is impressive, as is their dedication to the Company.  Without their best efforts, profitable quarters like the one just reported would not be possible.

Watza continues, concluding that:

Now that we have returned to profitability, we will maintain our focus on sustaining and growing profitability in future quarters. We will also remain persistent in our pursuit of new opportunities in the coming quarters.

3D Printing Industry Awards nominations for 3D scanning equipment can be made here.

Featured image shows Perceptron sensors attached to KUKA robotic arms on a automotive production line. Photo via: PerceptronMetrology on Facebook