Company’s Core Business Scope city, incorporate is a manufacturer, reseller, and importer of optical equipment that are advanced. The optical equipment includes nautical optics, consumer telescopes, and accessories. The company has grown from a repair shop in Texas to a leader in the region for optical products that are of good quality. The company is known for quality customer service and the ability of the firm to repair even instruments that are obscure by making them unique. Scope city made an initial public offer and it was a success especially because of their satisfied customers. The return of comet Halley made the sale of amateur telescopes increase in numbers.
Average annual rates of growth for revenue and net income
Revenue and income growth
|Year |Revenue ‘$’ |Net income ‘$’ |Percentage change in net |Percentage change in |
| | | |income |revenue |
|1994 |7,500,000 |900,000 |- |- |
|1995 |10,312,500 |1,267,500 |40.83% |37.5% |
|1996 |12,000,000 |1,440,000 |26.49% |26.49% |
|1997 |18,750,000 |2,156,250 |33.81% |35.72% |
|1998 |21,375,000 |2,673,750 |25.74% |29.93% |
|1999 |23,250,000
