FSI orders, revenues rise

June 22, 2006 – FSI International Inc. said revenues for its fiscal 3Q06 ended in May rose 67% from a year ago to $32.0 million, while net losses increased slightly to $2.4 million from $2.0 million in fiscal 3Q05.

Results from a year ago include a $4.2 million gain associated with Applied Materials’ acquisition of Metron Technology NV. Backlog and deferred revenue nearly doubled to $48.5 million, while orders jumped 77% year-on-year to $48.5 million. Sales for the first nine months of fiscal 2006 were running about 16% ahead of the same period a year ago.

The company expects fiscal 4Q06 orders of $40-$45 million, with an increase in revenues to approximately $35-$40 million, and a net income of approximately $1.0-$2.0 million.


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