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Companies Facts

Furthermore, pSivida Corp. announced financial results for its third quarter and nine months ended March 31, 2011. Revenues for the fiscal 2011 third quarter were $360,000 compared to $515,000 a year earlier. Revenues for the 2011 quarter consisted primarily of Retisert®

royalty income, which resu-

med following completion of an earlier agreement with Bausch & Lomb. The Company reported a net loss of $2.7 million, or $0.13 per share, for the third quarter ended March 31, 2011, compared to a net loss of $2.7 million, or $0.15 per share, for the third quarter of the prior year.

Revenues for the nine months ended March 31, 2011 totaled $1.3 million compared to $7.3 million for the nine months ended March 31, 2010. Substantially all of the prior year period revenues resulted from recognition of deferred revenue attributable to the Company’s amended collaboration agreement with Alimera Sciences, Inc. Amortization of this deferred revenue was completed in the fiscal 2010 second quarter. For the nine months ended March 31, 2011, the Company reported a net loss of $8.5 million, or $0.45 per share, compared to a net loss of $4.3 mil- lion, or $0.24 per share, for the same period of the prior fiscal year.

Cash, cash equivalents and marketable securities totaled $23.1 million at March 31, 2011 compared to $14.6 million at December 31, 2010. On Janua- ry 24, 2011, the Company completed a registered direct offering of common stock and warrants for net proceeds of approximately $10.0 million. http://www.psivida.com

P

VA TePla AG, Wettenberg, a manufacturer of silicon crystallization systems as well as vacu-

um and high-temperature systems, generated sales revenues of EUR23.1 million in the first quarter of 2011 (previous year: EUR33.0 million), while its EBIT amounted to EUR1.8 million (previous year: EUR3.2 million). As expected, EBIT and consolidated net income for the period were down year-on-year at EUR1.8 million (previous year: EUR3.2 million) and EUR1.3 million (previous year: EUR2.0 million) respectively. At 7.6% (previous year: 9.7%), the EBIT margin was still slightly below the forecasted range.

PVA TePla is specifying its guidance for fiscal year 2011 of forecasted consolidated sales revenues of between EUR 120 million and EUR 130 million and an EBIT margin of between 8% and 10%. The targets are expected to be achieved at the upper end of the projected range.

Moreover, PVA TePla presented a further develop- ment of the MultiCrystallizer crystal-growing system, generation G5, for higher loads. The product is named MultiCrystallizer VGF732Si HC.

The MultiCrystallizer is a vacuum furnace for direc- tional solidification (based on the vertical gradient freeze process) of multicrystalline silicon ingots for the production of wafers for the photovoltaic indus- try. The new HC version, generation G5, uses higher crucibles (G5: 480 - 520 mm crucible height; old standard: 420 mm) to enable greater loads of silicon up to a maximum weight of 560 kg. http://www.pvatepla.com

11-05 :: May/June 2011