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Lenthor Engineering, a California based designer, manufacturer and assembler of RIGID-FLEX and FLEX printed circuit boards, announces its 2016 year end financial results.
Total revenue for the full year 2016 came in at $27.1M compared to $19.9M in 2015 a 37% increase. Strong performance was reported for Q4 2016 with revenue totaling $6.4M compared to Q4 2015 results of $6.2M representing a 3% increase. Profit totals for both Q4 2016 and full year 2016 also reported in as strong reflected full year revenue results.
Lenthor Engineering continues funding of its business expansion plans with capital expenditures in 2017 planned for $2.2M. As part of that plan Lenthor has expended $1M to date in its Assembly and Fabrication area. The expenditures in Assembly which include both Solder Paste AOI and Component AOI provide Lenthor’s customers with the level of quality assurance necessary in today’s demanding and competitive marketplace.