Eyelit increases Company Profit by over 60%
September 02, 2021 12:44 PM Pacific Daylight Time
TORONTO—(BUSINESS WIRE)—Eyelit announced continued profit and revenue growth for the first half of 2021, with over 60% increase in company profit over the first half of 2020. Top line revenue increased by over 10%, led by Subscription software which increased by over 80%, and total recurring revenue which increased by more than 20%
Key first half 2021 financial milestones achieved year-over-year include:
– Over 60% company profit increase
– Recurring revenue grew by over 20%
– ARR (Annual Recurring Revenue) increased to over 41% of revenue
– Subscription license software grew by over 80%
– Total revenue increased by over 10%
“Eyelit realized increased revenue from integration projects as customers continue to deploy our flexible, low-code application platforms FactoryConnect and EquipmentConnect to support industry 4.0 and Smart Factory initiatives.” stated Dan Estrada, Vice-President of Sales and Marketing. “Eyelit added new licenses with both existing and new enterprise Fortune 500 customers.”
Eyelit is the leader in Manufacturing Execution, Quality Management (MES and QMS) and Automation solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, battery technology, electronics, life sciences, medical device, semiconductor, battery, and solar industries. Eyelit uniquely delivers a broad set of smart factory and Industry 4.0 solutions, including Asset Management, Dispatching, Factory and Equipment Integration (Automation/IoT), 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 increase efficiency and value. More than 50 leading companies, including Atomica, austriamicrosystems, CEA-Leti, eMagin, Enovix, LFoundry, Murata Electronics Oy, Northrop Grumman Corporation, NXP Semiconductors, PerkinElmer, Raytheon Technologies, Skyworks Solutions, TowerJazz, and multiple global 50 companies, rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.
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