Atlas Technology International expects significant gains for Q3

|About: Atlas Technology Internat... (ATLT)|By:, SA News Editor

Atlas Technology International (OTCQB:ATLT) announced that it expects significant sequential and Y-O-Y gains for its Q3.

The company expects revenue in the range of $1.0 - $1.2M (+30-56% Q/Q).

Gross margins are expected to improve slightly towards ~29%.

Net income is expected to increase sharply, rising over 10-fold in the range of between $0.09 - $0.10M.

CEO Matthew Tsai: "Our third quarter continues to be on the record pace set in the first half of our current fiscal year, Demand for our existing and new touch screen product lines continue to increase faster than anticipated, which should enable us to book more revenues in just one quarter than the entire first half of fiscal 2017.”