ACS MOTION CONTROL, LTD. 
By MIGDAL HA'EMEK,
Revenues for fiscal year 2007 were
Net loss in 2007 was $(685,000), or $(0.21) per share, compared to
Consolidated Statements of Operations
Three months ended Year ended
December 31, December 31,
2007 2006 2007 2006
Consolidated
U.S. Dollars in thousands, except per share
data
Revenues 2,236 2,947 8,868 13,503
Cost of revenues 1,070 1,483 4,261 6,831
Write off - Inventory 228 24 400 46
Gross profit 938 1,440 4,207 6,626
Research and development costs
Costs incurred 712 597 2,303 2,065
Less participations (115) (116) (438) (340)
Research and development costs, 597 481 1,865 1,725
net
Sales and marketing expenses 452 469 1,659 1,783
General and administrative 416 413 1,565 1,675
expenses
Total operating costs 1,465 1,363 5,089 5,183
Operating income (loss) (527) 77 (882) 1,443
Financing income, net 91 51 287 167
Impairment of investment in (169) (9) (169) (9)
other company
Income (loss) before taxes on (605) 119 (764) 1,601
income
Income taxes 63 1 79 (64)
Net income (loss) (542) 120 (685) 1,537
Earnings (loss) per Share
in U.S. dollars
Basic net earnings (loss) per (0.17) 0.04 (0.21) 0.48
share
Weighted average number shares
used
in computation of earnings
(loss) per share
Basic - in thousands 3,281 3,266 3,277 3,207
Consolidated Balance Sheets
December 31,
2007 2006
Consolidated
U.S. Dollars in
thousands
ASSETS
Current assets
Cash and cash equivalents 3,136 3,042
Marketable debt securities 4,103 2,619
Trade receivables, net 1,966 2,335
Inventories 2,534 3,356
Other accounts receivable 422 485
Total current assets 12,161 11,837
Long-term assets
Deferred income taxes 123 110
Marketable debt securities 982 1,933
Investment in other company 363 1,002
Inventories 906 302
Pre-paid expenses and lease deposits 71 104
Total long-term assets 2,445 3,451
Property and equipment
Cost 3,951 3,648
Less - accumulated depreciation 3,416 3,160
535 488
Total Assets 15,141 15,776
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Trade payables 1,569 1,440
Other accounts payable and accruals 1,104 1,226
Total current liabilities 2,673 2,666
Accrued severance pay, net 198 202
Total liabilities 2,871 2,868
Shareholders' equity
Share capital - Ordinary Shares of NIS 0.01 par
value Authorized - 8,000,000 shares as of
December 31, 2007 and 2006; Issued - 3,280,751
and 3,266,752 shares as of December 31, 2007 and
2006, respectively; Outstanding - 3,280,751 and
3,266,751 shares as of December 31, 2007 and
2006, respectively 10 10
Additional paid-in capital 7,376 7,329
Treasury shares - at cost (1 share as of
December 31,2007 and 2006) (150) (150)
Retained earnings 5,034 5,719
Total Shareholders' equity 12,270 12,908
Total Liabilities and Shareholders' equity 15,141 15,776
Net Tangible Assets 12,270 12,908
This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks and uncertainties include, but are not limited to: market demand for the Company's product, successful implementation of the Company's product, competitive factors, the ability to manage the Company's growth and the ability to recruit additional personnel.
Contact: Ze'ev Kirshenboim, Chairman of the Board of Directors, ACS Motion Control Ltd. +972-4-654-6440
SOURCE ACS Motion Control
