After the announcement was published, no other information on the company was reported.
GSI Group Inc. supplies precision motion control components, lasers and laser-based advanced manufacturing systems to the global medical, semiconductor, electronics, and industrial markets. The company ended the last year on low-trade, though this year the stock started to climb, reaching $3.00 per share in May.
Now LASR is struggling to keep the small progress, though it is too soon its movement to be determined. According to the company's financial results from 2008, its revenue and gross profit got higher, however, the operating loss has increased by approximately 10 times.
Presently, GSI GROUP makes optimistic projections for its financials, though, the results are up to be seen.