Isomet Announces Third Quarter 2005 Results
November 01 2005 - 9:20AM
PR Newswire (US)
SPRINGFIELD, Va., Nov. 1 /PRNewswire-FirstCall/ -- Isomet
Corporation (Pink Sheets: IOMT) announced today for the third
quarter of 2005 consolidated net revenue of $903,000, compared with
$763,000 in 2004. A consolidated net loss of $(138,000) or $(.07)
per share was incurred in the third quarter, compared to a net loss
of $(225,000) or $(.11) per share in 2004. For the nine months
ended September 30, 2005, consolidated net revenue was $2,802,000,
compared with $2,698,000 in 2004. Revenue for the first nine months
of 2004 includes a non-recurring sale to a previous systems
customer totaling $394,000. In the first nine months of 2005 sales
were broadly based and none were of a non-recurring nature. For the
current nine month period a consolidated net loss of $(423,000), or
$(.21) per share was incurred, compared to a net loss of $(613,000)
or $(.31) per share in 2004. Receipt of new orders for the quarter
ended Sept. 30, 2005 and 2004 was $729,000 and $720,000,
respectively. Receipt of new orders for the nine months ended Sept.
30, 2005 and 2004 was $2,820,000 and $2,751,000, respectively. The
new order total for the first nine months of 2004 includes $394,000
of non-recurring orders from a previous systems customer. New
orders in the first nine months of 2005 were broadly based and none
were of a non- recurring nature. Unfilled orders totaled $603,000
and $797,000, respectively, as of Sept. 30, 2005 and 2004. Isomet
Corporation (IOMT) Quarter September 30 2005 2004 Revenue $ 903,000
$ 763,000 Net (Loss) $ (138,000)(1) $ (225,000)(1) Net (Loss) Per
Share $ (.07)(1) $ (.11)(1) Nine Months September 30 Revenue $
2,802,000 $ 2,698,000 (4) Net (Loss) $ (423,000)(2) $ (613,000)(3)
Net (Loss) Per Share $ (.21)(2) $ (.31)(3) (1) Net of income of
$30,000 ($.01 per share) due to a reduction in a previously
established loss provision against amounts due from a previous
systems customer. (2) Net of income of $60,000 ($.03 per share) due
to a reduction in a previously established loss provision against
amounts due from a previous systems customer. (3) Net of income of
$90,000 ($.04 per share) due to a reduction in a previously
established loss provision against amounts due from a previous
systems customer. (4) Includes $394,000 in non-recurring sales to a
previous systems customer. DATASOURCE: Isomet Corporation CONTACT:
Jerry W. Rayburn of Isomet Corporation, +1-703-321-8301 Web site:
http://www.isomet.com/
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