1Q18 revenue grew 12.6% to $76.2 million, from $67.7 million a year ago.
This was largely due to the growing demands for high-tech precision control systems from medical devices manufacturers, as well as growing customer base and higher orders, especially in China.
As at end March, cash and cash equivalents stood at $33.9 million.
“We are pleased to see positive results from our increased marketing efforts this quarter and we will continue leverage our comprehensive knowledge of engineering solutions and wide supplier base to take advantage of the trend towards intelligent manufacturing and factory automation,” says Teo Cher Koon, ISDN’s managing director and president.
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Shares of ISDN closed flat at 21 cents on Monday.
