Valor shows strong positive cash flow and revenues of $10.6M in Q3 2007

Valor Computerized Systems has announced its financial results for the period ending September 30, 2007.

Revenues in the first nine months of 2007 accumulated to $31.4 Million, an increase of 17.5% as compared to $26.7 Million in the first nine months of 2006. Revenues in the third quarter of 2007 accumulated to $10.6 Million, an increase of 15.2% as compared to $9.2 Million in the parallel period of the previous year.

The net profit in the first three quarters of 2007 accumulated to $2.2 Million, a decrease of 9% as compared to $2.4 Million in the first three quarters of 2006.

EBITDA was $1.3 Million in the third quarter of 2007 - an increase of 57% as compared to $861 thousand in the third quarter of 2006.

Positive cash flow from operating activities was $3.7 Million in Q3/07, a significant increase compared to a negative cash flow of $859 thousand in Q3/06.

Earnings per Share (diluted) in the third quarter of 2007 were $0.03, as compared to $0.04 in the third quarter of 2006.

Commenting on the financial results, Dan Hoz, Valor's CFO said: "Business conditions in Q3 were in line with our expectations. We witnessed a strong positive cash flow, resulting from a robust collection of account receivables, which reflects high customer satisfaction and successful implementation of our assembly products."

Ofer Shofman, Valor's President and CEO, also commented on the quarterly performance and said: "This was an exciting quarter for us. We signed an OEM partnership agreement with Universal Instruments Corporation, which constitutes a landmark in our cooperation with leading capital equipment vendors. The partnership agreement opens a whole new set of potential distribution channels for us and is expected to play a significant role in our continued growth. We are already working to deliver similar agreements over the next quarters."

The complete financial report can be downloaded from the Investor Relations Section on the Valor corporate website: www.valor.com