ProPhotonix says it expects a better 2011



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ProPhotonix Ltd. says it expects to report about $17 million in revenue for 2011, an increase over the $15.2 million it reported the previous year.In an earnings preview released last week, the Salem-based company said the gain came despite a slowdown in orders and shipments for certain product lines -- a situation that the firm expects to pick up toward the second half of the year.The company, formerly known as StockerYale, has most of its operations in England and Ireland. It says it expects to break even if certain generally accepted accounting practices are not taken into account, such as the interest it pays on its debts.ProPhotonix did not specify what its net loss before taxes might be, though it did say that its revenues and losses before taxes are "in line with market expectations."The company said it doubled it size of its U.S. sales force and doubled its R&D team, but did not offer any expense figures.ProPhotonix is now mainly sold on the AIM exchange -- part of the London Stock Exchange -- after it sold off its U.S. assets and left the Nasdaq under a delisting warning.Its stock is still being traded in the United States on the Pink Sheets, under the old StockerYale ticker symbol, STKR.On Monday the stock was trading at 8 cents share, matching up a 52-week low. -- BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW Edit ModuleShow Tags