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Filing in Focus: Key Technology 8-K, November 14, 2013
Key Technology, Inc. (KTEC) announced its fourth quarter and full-year results for the 2013 fiscal year, reporting strong performance in all regards. Net sales during fourth quarter were $42.0M, a 54% increase from the $27.3M reported a year ago. Quarterly earnings were up from $1.2M last year to $1.3M while earnings per share dropped $0.01 from the $0.22 earned last year. For the full fiscal year, net sales increased 19% from $115.2M to $136.8M while earnings rose dramatically from $0.4M and $0.08 per share to $4.0M and $0.69 per share. President and CEO Jack Ehren said that the company rose to the challenge and met the goals it set for itself, leading to the best year in sales all-time for the company.