Adept Technology Announces Adept Quattro Robot Breaks 300 Cycle Per Minute Barrier

PLEASANTON, Calif., Oct. 28, 2009 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP - News), a leading provider of intelligent vision-guided robotics and global robotics services, today announced its Adept Quattro Robot has broken the 300 cycle per minute barrier. The record robotic performance threshold was set using the 25mm x 300mm x 25mm standard cycle. The industry has long benchmarked speeds using this quantifier and Adept has once again raised the bar. "The Quattro robot is the fastest robot in the world and its advantages over conventional robots not only include faster cycles and settling times but increased payload and more consistent performance throughout the workspace," said Rush LaSelle, director of global sales and marketing for Adept Technology, Inc. "As Adept continues driving technology to higher levels of performance our clients benefit by realizing throughput previously only offered by conventional equipment combined with the flexibility of manual labor. We are pleased to increasingly offer manufacturers and processors means of achieving high levels of productivity and quality while enabling them to address the pressures of reduced product and packaging life cycles." The Adept Quattro(TM) s650H is a parallel robot specifically designed for high-speed manufacturing, packaging, material handling, and assembly applications. It differs from conventional parallel robots in that it features a four-arm kinematic. This unique design enables higher speeds, faster accelerations, and exceptional...
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Adept Technology Reports First Quarter Fiscal Year 2010 Results

PLEASANTON, Calif., Nov. 4, 2009 (GLOBE NEWSWIRE) -- Adept Technology, Inc. (Nasdaq:ADEP - News), a leading provider of intelligent vision-guided robotic solutions, today announced financial results for its fiscal first quarter ended September 26, 2009. First Quarter Results Revenues for the first quarter of fiscal 2010 were $11.7 million, compared to $8.6 million for the fourth quarter of fiscal 2009 and $14.3 million for the same period last year. The Company reported a GAAP net loss of $82,000, or $0.01 per share, which compares to a net loss of $3.3 million, or $0.40 per share, in the previous quarter and a net loss of $1.6 million, or $0.20 per share, in the first quarter of fiscal 2009. Adept's adjusted EBITDA was $693,000 in the first quarter of fiscal 2010, compared with adjusted EBITDA loss of $1.5 million in the fourth quarter of fiscal 2009 and adjusted EBITDA loss of $805,000 in the first quarter of fiscal 2009. A discussion of this non-GAAP measure and reconciliation of this measure to the applicable GAAP measure is included below. Gross margin was 45.5% of revenue in the first fiscal quarter of 2010, compared with 31.7% in the previous quarter and 46.2% of revenue in the first fiscal quarter of 2009. The Company's gross margin was positively impacted by increased volumes, which increased absorption of fixed manufacturing expenses. During the first quarter, the Company continued to realize the benefits of its cost reduction efforts. Operating expenses w...
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Q1 2010 Adept Technology Earnings Release - Time Not Supplied

Earnings Announcements for Wednesday, November 4CompanySymbolTimeConferenceCall99 CENTS OnlyNDNAfter Market CloseAdept TechnologyADEPAfter Market CloseAffymax, Inc.AFFYBefore Market OpenAgilysys, Inc.AGYSBefore Market OpenAgrium Inc.AGUBefore Market OpenListenAlamo GroupALGAfter Market CloseALGOMA CENTRAL CORPALC.TOTime Not SuppliedALLIANCE BANKSHARES CORPABVAAfter Market CloseAllied Motion Technologies, Inc.AMOTTime Not SuppliedListenAlmost FamilyAFAMBefore Market OpenAlnylam PharmaceuticalsALNYAfter Market CloseListenAlon USA Energy Inc.ALJAfter Market CloseAlterian plcALN.LTime Not SuppliedAlvarionALVRBefore Market OpenListenAmbac Financial GroupABK08:30 am ETListenAmbassadors International, Inc.AMIEAfter Market CloseAmdocs LimitedDOX...
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Adept Technology Inc. F1Q10 (Qtr End 09/26/09) Earnings Call Transcript

Adept Technology Inc (ADEP) F1Q10 (Qtr End 09/26/09) Earnings Call November 4, 2009 5:00 pm ET Executives Lisa Cummins - CFO John Dulchinos - President and CEO Analysts John Nelson - State of Wisconsin Investment Benjamin Burditt - Special Situations Fund Gerard Cohen - JM Cohen and Company Presentation Operator Good afternoon, ladies and gentlemen, thank you for standing by. Welcome to the Adept Technology reports first quarter 2010 results conference call. In today’s presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator instructions). This conference is being recorded today, Wednesday, November 4, 2009. I would now like to turn the conference over to Lisa Cummins, Chief Financial Officer. Please go ahead. Lisa Cummins Good afternoon, everyone and thank you for joining us. As we begin today’s call, let me remind you that during the course of this conference call, we may make certain remarks regarding Adept’s expectations as to future events and future financial and operational performance, plans, and prospects of the company, all of which are based on the company’s position as of today, November, 4, 2009. Any such forward-looking statements involve a number of risks and uncertainties, and the company’s actual results could differ materially from those expressed in any of these forward-looking statements for a variety of reasons, including the risks described in our press release and in our Annual Report on 10-K for the fiscal year ended June 30, 2009, as well as the risks described in the company’s other SEC filings. No one should assume that any forward-looking statements made by the company remain co...
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ADEPT TECHNOLOGY INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhi

Show all filings for ADEPT TECHNOLOGY INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for ADEPT TECHNOLOGY INC 4-Nov-2009Results of Operations and Financial Condition, Financial Statements and Exhi Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...
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New Star Analyst Rankings for Adept Technology, Inc.

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ADEPT TECHNOLOGY INC Financials

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ADEPT TECHNOLOGY INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This report contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements include, but are not limited to, statements about: • the economic environment affecting us and the markets we serve, and the impact of our restructuring efforts in response to the economic environment; • sources of revenues and anticipated revenues, including the contribution from the growth of new products and markets; • our expectations regarding our cash flows and the impact of the timing of receipts and disbursements; • our estimates regarding our liquidity and capital requirements; • marketing and commercialization of our products under development; • our ability to attract customers and the market acceptance of our products; • our ability to establish relationships with suppliers, systems integrators and OEMs for the supply and distribution of our products; • plans for future products and services and for enhancements of existing products and services; • plans for future acquisitions of products, technologies and businesses; • claims, investigations or litigation; and • our intellectual property. In some cases, you can identify forward-looking statements by terms such as "may," "intend," "might," "will," "should," "could," "would," "expect," "believe," "estimate," "predict," "potential," or the negative of these terms, and similar expressions intended to identify forward-looking statements. These statements re...
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