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Post Earnings Coverage as Dynasil Reported Earnings for Year-end FY16

Upcoming AWS Coverage on Fortive

LONDON, UK / ACCESSWIRE / January 4, 2017 / Active Wall St. announces its post-earnings coverage on Dynasil Corp. of America (NASDAQ: DYSL). The Company posted its financial results for the full year fiscal 2016 (FY16) on December 21, 2016. The Newton, Massachusetts-based Company reported a 7% y-o-y revenue growth during the reported period. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Dynasil's competitors within the Scientific & Technical Instruments space, Fortive Corp. (NYSE: FTV), is estimated to report earnings on January 26, 2017. AWS will be initiating a research report on Fortive in the coming days.

Today, AWS is promoting its earnings coverage on DYSL; touching on FTV. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=DYSL

http://www.activewallst.com/registration-3/?symbol=FTV

Earnings Reviewed

During FY16, Dynasil's revenue rose to $43.44 million from $40.54 million recorded at the end of FY15. The developer and manufacturer of optics and photonics products reported net income attributed to Dynasil of $0.33 million, or $0.04 per diluted share, during FY16 compared to net loss of $0.35 million, or $0.01 loss per diluted share, in the year ago same period. The Company attributed this growth to the previously announced three-year crystal component supply agreement with Hilger Crystals Ltd, the Company's U.K. subsidiary.

In FY16, the Company's foreign currency translation loss increased to $0.81 million from $0.31 million in the year ago comparable period. Furthermore, the Company reported total comprehensive loss of $0.48 million in FY16 compared to total comprehensive loss of $0.34 million in FY15.

Operating Metrics

During the year ended on September 30, 2016, Dynasil's cost of revenue came in at $27.84 million compared to $25.54 million in FY15. The Company's gross profit improved during FY16 to $15.60 million from $14.99 million in FY15. However, the Company's gross margin fell to 36% of revenues in FY16 from 37% of revenues in FY15.

For the reported period, sales and marketing expenses were $1.15 million compared to $1.20 million in FY15. While, general and administrative expenses rose to $12.78 million in FY16 from $12.59 million in FY15. Furthermore, Dynasil spent $1.00 million on Research and development in FY16 compared to $1.24 million in the previous year. Moreover, the Company's net operating income surged to $679.00 million in FY16 from $134.00 million, in the prior year.

Segment Performance

During FY16, Optics segment's revenue was $23.69 million, up from $21.78 million in FY15. The segment's gross margin increased to $8.01 million, or 34% of segment revenues, in FY16 from $6.82 million, or 31% of segment revenues, in the year ago same period. Furthermore, the Dynasil's net operating income surged during FY16 to $1.78 million from $0.98 million in the prior year's comparable period.

Contract Research segment contributed $19.76 million to total revenue during FY16 compared to $18.75 million in last year's comparable period. However, the segment's gross margin fell to $7.59 million, or 38% of segment revenues, in FY16 from $8.18 million, or 44% of segment revenues, in the year ago corresponding period. Meanwhile, the segment's net operating income increased to $0.97 million in FY16 from $0.88 million in FY15.

Cash Flow and Balance Sheet

Due to stronger year-over-year operating performance, the Company's cash and cash equivalents balance stood at $2.61 million as of September 30, 2016, compared to $1.30 million as on September 30, 2015. Additionally, the Company reported long-term debt of $0.74 million as on September 30, 2016, versus $1.29 million as on September 30, 2015.

Stock Performance

On Tuesday, the stock closed the trading session at $1.30, climbing 1.56% from its previous closing price of $1.28. A total volume of 11.23 thousand shares have exchanged hands. Dynasil's stock price advanced 12.07% in the last month, and 26.21% in the past three months. Shares of the company have a PE ratio of 31.71 and currently have a market cap of $21.84 million.

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