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Eyelit Announces Record Revenue and Profit from Its Manufacturing Execution (MES) and Quality Management (QMS) Software for the 2nd Quarter

Total revenue grew nearly 25% within the first half of 2017

September 29, 2017 3:33 PM Eastern Standard Time
TORONTO—(BUSINESS WIRE)—Eyelit Inc.announced record revenue for the second quarter of 2017, as well as a significant increase in the company’s profitability.

New customers in Europe and Asia were key contributors to Eyelit's revenue growth. Revenue from existing Enterprise customers also increased, partly as a result of several customers deploying Eyelit's Special Work Request (SWR) module to accelerate their New Product Introductions (NPI). These revenue drivers contributed to a strong start for 2017, with over 25% top line growth for the first six months of the year. In addition to new license revenues, the company’s revenue increased in all key business areas, including an increase of over 20% in recurring revenue and services compared to the same period in 2016.

The company also increased staffing by over 20% in the first half of the year to support the largest number of concurrent implementations in Eyelit’s history. Staffing was added to: Product Development, Quality Assurance, implementation Services, and product Support.

Version 5.3 of Eyelit’s software was released in the second quarter. Key enhancements for experimentation and R&D process management were added to the core MES and SWR module. New features were also added to: Operator Certification, Advanced Dispatching, Asset Management, and Quality Management modules in collaboration with key customers.

“A strong first quarter created the groundwork for a successful second quarter. We expect even greater growth in the second half of the year, and are on track to earn record revenue for both the third and fourth quarters. We project top line revenue growth to exceed 40% for 2017,” stated Dan Estrada, Vice-President of Sales and Marketing, Eyelit.

About Eyelit Inc. (www.eyelit.com)

Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, life sciences, medical device, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enable its customers to rapidly and cost-effectively optimize production and company processes.

With exceptional customer service, Eyelit has time and again proven that superior, innovative technology can maximize efficiency and value. More than 50 leading companies, including Ascent Solar, austriamicrosystems, CEA-Leti, CEITEC, eMagin, FLIR Systems, Innovative Micro Technology (IMT), Kionix, LFoundry, Mellanox, Murata Electronics Oy, Northrop Grumman Corporation, NXP Semiconductors, PerkinElmer, Raytheon Company, Skyworks Solutions, TowerJazz, TPSCo, and X-FAB Silicon Foundries rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.

Contact
Eyelit Inc.
Kiran Chattha
Tel: +1 905 502 6184
info@eyelit.com

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"Eyelit is one of a new breed of production management suppliers that "gets it" when it comes to plant software. This is what manufacturers need in order to enhance enterprise performance in real time."