Aurora Control Technologies Inc., a Canadian provider of measurement systems for the PV industry, achieved revenues of $1,418,176 for the second quarter of the 2017-18 fiscal year. The income from operating activities for the second quarter was $178,167 – according to Aurora »representing the first profitable quarter in the company’s history.«
Year-to-date for the first six months, the Company has recognized $1,565,695 in revenue, an increase of 545 percent from the same period last year. The operating loss year to date was $276,024, a reduction of 60 percent from the same period last fiscal year. The company also confirms, excluding new potential orders, it has unrecognized revenue from shipments and order backlog of approximately $1,000,000 expected to be realized this fiscal year.
The company is also establishing market inroads in India and the United States. Aurora is active in these markets with new customer opportunities and technology platforms expected to be launched early next year. Aurora is currently tracking a number of large order opportunities representing a range of 36 to 75 systems with order decisions expected within the next 3 to 6 months.
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