New business bookings in the fourth quarter were $19.3 million and helped push year-to-date bookings ahead of last year’s record level.  CMM related orders totaled $2.9 million in the fourth quarter and $4.6 million year to date for the four-month period since the acquisition of COORD3. Fiscalyear 2015 year-to-date bookings were a record level for the Company’s current operations despite a reduction of $3.5 million related to revaluing orders in backlog at the lower Euro exchange rate this year.  The level of bookings fluctuates from quarter-to-quarter and is not necessarily indicative of the future operating performance of the Company.

BACKLOG (in millions)
	As of
Geographic Region	6/30/2015	3/31/2015	12/31/2014	9/30/2014	6/30/2014
Americas	$  10.4	$  13.2	$  10.8	$  14.8	$  10.3
Europe	15.4	17.6	14.2	21.2	17.3
Asia	13.1	12.3	14.0	13.8	11.7
Total Backlog	$  38.9	$  43.1	$  39.0	$  49.8	$  39.3

 Backlog decreased $4.2 million from the prior quarter because fourth quarter sales exceeded bookings during the quarter.  Backlog included $3.8 million of CMM related orders.  Generally, the Company expects to see a shorter time between receiving an order for CMMs and related software and when the order is fulfilled and revenue is booked than, it experiences with its other products.  Orders taken early in a quarter for these business areas typically would be fulfilled by quarter end and, as a result, do not appear in period-end backlog. The Company is comfortable with the level of backlog, which it believes supports the Company’s sales expectations for fiscal 2016.  The level of backlog at any particular point in time is not necessarily indicative of the future operating performance of the Company.

SALES (in millions)
	Fourth Quarter ended June 30			Full Year ended June 30
Geographic Region	Fiscal 2015	Fiscal 2014	Change	Fiscal 2015	Fiscal 2014	Change
Americas	$  9.5	$  6.1	$  3.4	$  28.4	$  18.3	$10.1
Europe	9.6	7.8	1.8	29.7	27.8	1.9
Asia	4.3	3.5	0.8	16.3	13.5	2.8
Total Sales	$23.4	$17.4	$  6.0	$  74.4	$ 59.6	$14.8

Sales were $6.0 million higher in the fourth quarter of 2015 versus the same quarter last year.  CMM related sales added $4.4 million in the fourth quarter of fiscal 2015. Sales for full-year 2015 were a record $74.4 million, rising $14.8 million, or 25%, from the comparable period in fiscal 2014.  The year-to-date improvement included $5.8 million of CMM related sales, and $9.0million from strong global growth of existing business.  These increases were partially offset by $3.4 million of reduced organic sales from the negative foreign currency exchange impacts caused by the weakening of the Euro in fiscal 2015 compared to fiscal 2014.  The Company’s sales levels fluctuate from quarter-to-quarter due to requested delivery schedules from our customers.

INCOME STATEMENT KEY METRICS (in millions)
	Fourth Quarter ended June 30			Full Year ended June 30
	Fiscal 2015	Fiscal 2014	Change	Fiscal 2015	Fiscal 2014	Change
Gross Profit	$ 9.3	$   7.4	$  1.9	$ 28.3	$   24.8	$  3.5
As a percent of sales	39.6%	42.7%	(3.1) pct. pts.	38.0%	41.7%	(3.7) pct. pts.
Operating Income (Loss)	$ 0.7	$ 1.4	$  (0.7)	$   0.0	$ 2.9	$  (2.9)
Net Income (Loss)	$ 0.4	$0.9	$  (0.5)	$   (0.5)	$ 2.4	$  (2.9)

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