Microwave Vision Reports Revenue Results for Fourth Quarter and Full Year of 2015
For the year, the company reported revenues of 60.0 million against 56.7 million a year ago. Performance was uniform throughout geographic regions. Growth was particularly buoyant in Europe and the Mid-East (with 17% higher revenues) and in the Americas (+13%), driven by a number of commercial successes and a favorable exchange rate. These geographic zones contribute 38% and 29% respectively to annual revenues. In Asia, revenues dropped by 10% (33% of revenues), following an exceptional increase of 26% in 2014, though business and outlook remain healthy in this region.