news    views    podcast    learn    |    about    contribute     republish    
Share this article: facebook . twitter . linkedin . reddit

Adept’s restructuring is paying off: earnings better and stock higher

September 9, 2013

adept It was just last February that Rob Cain replaced John Dulchinos as CEO of Adept Technology. Cain had worked with Adept for a few months as advisor and representative of Hale Capital Partners and crafted a restructuring plan approved by the company and it’s financial partners. It appears that things are working according to plan.
On August 27th Adept announced their quarterly earnings which were essentially just reaching break-even, but it showed that Adept’s turnaround plan was working. The stock rallied to close up 26.9% to $4.15 on August 27 and is up again to $5.95 – another 27% for the day.
One analyst reported: While the June 2013 quarter represents a tentative improvement, it shows demand for Adept’s robots is returning and the company has a much lower cost structure than one year earlier.

Frank Tobe
guest author
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.

comments powered by Disqus


inVia Robotics: Product-Picking Robots for the Warehouse
October 7, 2019

Are you planning to crowdfund your robot startup?

Need help spreading the word?

Join the Robohub crowdfunding page and increase the visibility of your campaign