Isomet Announces First Quarter 2007 Results
May 09 2007 - 12:19PM
PR Newswire (US)
SPRINGFIELD, Va., May 9 /PRNewswire-FirstCall/ -- Isomet
Corporation (Pink Sheets: IOMT) announced today for the first
quarter ended March 31, 2007 consolidated net revenue of $767,000,
compared with $2,471,000 for the first quarter in 2006. The first
quarter 2006 revenue total includes $1,500,000 from proceeds of
key-man life insurance coverage. Without this amount, revenue from
operations was $971,000. A net Loss of $(218,000), or $(.10) was
incurred in the first quarter of 2007. Including the $1,500,000
referred to above, net income in the first quarter of 2006 was
$1,422,000, or $.70 per share. Without the $1,500,000 non-
recurring income amount, a net loss of $(78,000), or $(.04) per
share was incurred in the first quarter of 2006. Receipt of new
orders for the quarters ended March 31, 2007 and 2006 was $777,000
and $841,000, respectively. Unfilled orders totaled $821,000 and
$683,000, respectively, as of March 31, 2007 and 2006. Isomet
Corporation (IOMT) Quarter March 31 2007 2006 Revenue $ 767,000
$2,471,000(1) Net Income (Loss) $(218,000) $1,422,000 Net Income
(Loss) Per Share $ (.10) $ .70(1) (1) Includes proceeds of key- man
life insurance coverage totaling $1,500,000 ($.74 per share). This
is non-recurring. DATASOURCE: Isomet Corporation CONTACT: Jerry W.
Rayburn of Isomet Corporation, +1-703-321-8301 Web site:
http://www.isomet.com/
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