Ellex Medical Lasers Limited provided earnings guidance for the year ended June 30, 2013. The company warned it expected operating profit to be between $100,000 and $200,000 for the year ended June 30, 2013. This compares with the operating profit of $1.1 million for 2012. A 5% improvement in revenues from $19.8 million to $20.8 million for the last half compared with the prior comparable period, full-year revenues are expected to be 9.8% lower than the 2012 financial year.

The company also reported that the opportunity to sell glaucoma laser technology in the US market also offers significant potential for business. The company expected to materially improve the profitability of the company in the year ending June 30, 2014 and the company is focused on achieving this goal.