Swiftech reports record revenue and profits through the 2012 fiscal year.
Over FY 2012, Swiftech's revenues have increased by 14 percent, now up to $3.4 million. The net profits, after income tax provisions increasing by 118 percent, have reached $224,000.
"2012 was our best year since inception, both in terms of gross revenues and net profits. As a result, net cash from operations provided adequate funding for the acquisition of capital equipment and tooling in preparation for an aggressive 2013 growth plan. Among the fundamental changes in the company's activity in 2012 was the addition of an electric motor production line. This allowed us to manufacture in house the new generation of pumps used in the all-in-one H220 CPU cooling system that was unveiled during CES in January 2013. Once again, our entire organization continues to deliver on the company's goals by producing results that meet or exceed our highest expectations and I want to take this opportunity to thank our customers, vendors, employees and shareholders for helping us in realizing such strong and steady growth in 2012," said Gabriel Rouchon, CEO and chairman of Swiftech.
Due to the success during FY 2012, Swiftech has been able to make a significant entry to the All-in-One liquid cooling market. We first saw the Swiftech H220 liquid cooler at CES, which really impressed us.