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Swiftech Boasts About Record Profits & Revenues for 2012 FY

By - Source: TechPowerUp | B 4 comments

Swiftech reports record revenue and profits through the 2012 fiscal year.

Swiftech, a manufacturer of water cooling components and kits, has announced that it has reached record levels of revenue and profit throughout the 2012 fiscal year (FY).

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.

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  • 3 Hide
    stickmansam , March 22, 2013 10:59 PM
    I would have gotten their H220 if I had the cash
  • 0 Hide
    leandrodafontoura , March 23, 2013 7:28 AM
    They do have the best cooling solution, their watercooler is seen in my avatar
  • 0 Hide
    matt_b , March 25, 2013 8:43 AM
    If they keep making good products and decent prices, then I'll continue to use them. Amusing though that their pumps are held in the highest regard, but they don't make them at all (although just about everyone has a Laing copycat) .
  • Display all 4 comments.
  • 0 Hide
    g-unit1111 , March 25, 2013 12:11 PM
    Hell yes! Support real liquid cooling!