RW1392
Forumer attivo
Xenonics Fiscal 2006 Fourth Quarter Net Income Increased to $753,000 Versus a Net Loss of $3.2 Million
Thursday December 14, 5:30 am ET
Revenue Increased Four-Fold to $2.34 Million From $529,000
Management Expects Trend of Increasing Revenue and Profit to Continue in Fiscal 2007
CARLSBAD, Calif., Dec. 14 /PRNewswire-FirstCall/ -- XENONICS HOLDINGS, INC. (Amex: XNN - News), a leader in advanced illumination and low light viewing technology, today announced net income for the fourth quarter of fiscal 2006 of $753,000, or $0.05 per diluted share, versus a loss of $3,198,000, or $0.20 per share, for the fourth quarter of fiscal 2005, as revenue increased more than four-fold to $2,340,000 from $529,000.
"We expect this trend of increasing revenue and profit to continue in fiscal 2007," said Alan Magerman, Chairman of the Board.
"One reason for our confidence is the planned commercial roll-out of our patented SuperVision(TM) night vision device in fiscal 2007. With its unprecedented resolution and range, zoom capability, light weight, and attractive pricing, we believe that SuperVision has the potential to revolutionize the night vision industry. U.S. patents on our SuperVision technology have been allowed and international patents have been filed. We have ordered components for 10,000 devices for delivery between January and August 2007, and production of the first 3,000 units is set to begin in January at our facility in Carlsbad, California.
"In addition, several of the military programs we have diligently pursued for our patented NightHunter family of high-intensity illumination systems are expected to come to fruition beginning this fiscal year. As we announced last week, we have authorized production of 1,200 NightHunterII's for delivery between January 2007 and March 31, 2007 to meet our second quarter forecast.
"The launch of SuperVision following more than two years of intensive development work will create significant new opportunities for Xenonics in law enforcement, public safety, recreational, and other large commercial markets that we believe will complement our military business and support Xenonics' rapid and sustained growth for years to come. Our goal is to build Xenonics into a significant growth company. With NightHunter and SuperVision, we have the right products to make it happen. In fiscal 2006 we recruited proven sales and marketing executives and developed the national distribution network required to achieve our aggressive revenue and profit goals. Our entire management team is energized and committed to effectively executing our business plan. We are increasingly confident about Xenonics' future," Magerman said.
Fourth Quarter Results
For the three months ended September 30, 2006, revenue more than quadrupled to $2,340,000 compared to $529,000 for the three months ended September 30, 2005. This increase primarily reflected the previously announced shipment of NightHunter systems to the Defense Logistics Agency.
Gross profit for the fourth quarter of fiscal 2006 was of $1,767,000, which included $797,000 related to the sale of excess inventory during the period. For the fourth quarter of fiscal 2005, negative gross profit of $1,704,000 included a $1,953,000 charge for excess inventory.
Selling, general and administrative expenses for the three months ended September 30, 2006 were $826,000, which primarily included $311,000 of non- cash stock-based compensation expense. This compares to selling, general and administrative expenses for the fourth quarter of 2005 of $1,636,000, which included $575,000 of non-cash stock-based compensation.
Net income for the three months ended September 30, 2006 was $753,000 or $0.05 per diluted share. This compares to a net loss for the three months ended September 30, 2005 of $3,198,000, or $0.20 per share.
At September 30, 2006, Xenonics reported working capital of $2,329,000, and a current ratio of 4.5. Magerman noted that all of the $2,194,000 in accounts receivable at September 30, 2006 have now been collected. The Company has no debt.
Fiscal 2006 Results
For the twelve months ended September 30, 2006, revenue increased to $4,833,000 compared to $4,434,000 for fiscal 2005. Net loss for fiscal 2006 was $1,488,000, or $0.09 per share, which included $1,102,000 of non-cash stock-based compensation expense. This compares to a net loss for fiscal 2005 of $5,004,000, or $0.33 per share, which included $1,052,000 of non-cash stock-based compensation expense.
Thursday December 14, 5:30 am ET
Revenue Increased Four-Fold to $2.34 Million From $529,000
Management Expects Trend of Increasing Revenue and Profit to Continue in Fiscal 2007
CARLSBAD, Calif., Dec. 14 /PRNewswire-FirstCall/ -- XENONICS HOLDINGS, INC. (Amex: XNN - News), a leader in advanced illumination and low light viewing technology, today announced net income for the fourth quarter of fiscal 2006 of $753,000, or $0.05 per diluted share, versus a loss of $3,198,000, or $0.20 per share, for the fourth quarter of fiscal 2005, as revenue increased more than four-fold to $2,340,000 from $529,000.
"We expect this trend of increasing revenue and profit to continue in fiscal 2007," said Alan Magerman, Chairman of the Board.
"One reason for our confidence is the planned commercial roll-out of our patented SuperVision(TM) night vision device in fiscal 2007. With its unprecedented resolution and range, zoom capability, light weight, and attractive pricing, we believe that SuperVision has the potential to revolutionize the night vision industry. U.S. patents on our SuperVision technology have been allowed and international patents have been filed. We have ordered components for 10,000 devices for delivery between January and August 2007, and production of the first 3,000 units is set to begin in January at our facility in Carlsbad, California.
"In addition, several of the military programs we have diligently pursued for our patented NightHunter family of high-intensity illumination systems are expected to come to fruition beginning this fiscal year. As we announced last week, we have authorized production of 1,200 NightHunterII's for delivery between January 2007 and March 31, 2007 to meet our second quarter forecast.
"The launch of SuperVision following more than two years of intensive development work will create significant new opportunities for Xenonics in law enforcement, public safety, recreational, and other large commercial markets that we believe will complement our military business and support Xenonics' rapid and sustained growth for years to come. Our goal is to build Xenonics into a significant growth company. With NightHunter and SuperVision, we have the right products to make it happen. In fiscal 2006 we recruited proven sales and marketing executives and developed the national distribution network required to achieve our aggressive revenue and profit goals. Our entire management team is energized and committed to effectively executing our business plan. We are increasingly confident about Xenonics' future," Magerman said.
Fourth Quarter Results
For the three months ended September 30, 2006, revenue more than quadrupled to $2,340,000 compared to $529,000 for the three months ended September 30, 2005. This increase primarily reflected the previously announced shipment of NightHunter systems to the Defense Logistics Agency.
Gross profit for the fourth quarter of fiscal 2006 was of $1,767,000, which included $797,000 related to the sale of excess inventory during the period. For the fourth quarter of fiscal 2005, negative gross profit of $1,704,000 included a $1,953,000 charge for excess inventory.
Selling, general and administrative expenses for the three months ended September 30, 2006 were $826,000, which primarily included $311,000 of non- cash stock-based compensation expense. This compares to selling, general and administrative expenses for the fourth quarter of 2005 of $1,636,000, which included $575,000 of non-cash stock-based compensation.
Net income for the three months ended September 30, 2006 was $753,000 or $0.05 per diluted share. This compares to a net loss for the three months ended September 30, 2005 of $3,198,000, or $0.20 per share.
At September 30, 2006, Xenonics reported working capital of $2,329,000, and a current ratio of 4.5. Magerman noted that all of the $2,194,000 in accounts receivable at September 30, 2006 have now been collected. The Company has no debt.
Fiscal 2006 Results
For the twelve months ended September 30, 2006, revenue increased to $4,833,000 compared to $4,434,000 for fiscal 2005. Net loss for fiscal 2006 was $1,488,000, or $0.09 per share, which included $1,102,000 of non-cash stock-based compensation expense. This compares to a net loss for fiscal 2005 of $5,004,000, or $0.33 per share, which included $1,052,000 of non-cash stock-based compensation expense.
![1166188346124[1].1166186776329.mail.gif](/proxy.php?image=http%3A%2F%2Fwww.investireoggi.it%2FphpBB2%2Fimmagini%2F1166188346124%5B1%5D.1166186776329.mail.gif&hash=834ff9735566ac0aa809ec8bf4085d00)
![11673956793[1].1167391781005.mail.gif](/proxy.php?image=http%3A%2F%2Fwww.investireoggi.it%2FphpBB2%2Fimmagini%2F11673956793%5B1%5D.1167391781005.mail.gif&hash=5dcfa76d9be03e9f99c79b06747cde50)
e disegna "corpi" di candele nel ristretto range segnalato.![1167991915143[1].1167989590535.mail.gif](/proxy.php?image=http%3A%2F%2Fwww.investireoggi.it%2FphpBB2%2Fimmagini%2F1167991915143%5B1%5D.1167989590535.mail.gif&hash=573d889ca73f8ef16710f224baa7e10b)
(jmho)
![1169209112476[1].1169201008305.mail.gif](/proxy.php?image=http%3A%2F%2Fwww.investireoggi.it%2FphpBB2%2Fimmagini%2F1169209112476%5B1%5D.1169201008305.mail.gif&hash=fafe3e7689f4ff6afbf7e763ae97e26e)
