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News

Second quarter profits expected by Xenonics.

Xenonics : 04 April, 2008  (Company News)
Strong sales growth for SuperVision and NightHunter products brings expectation of continued run of quarterly profits for Xenonics.
Xenonics Holdings expects to be profitable on revenue of approximately $3.5 million for the second quarter of fiscal 2008 ended March 31, 2008. In comparison, for the second quarter of fiscal 2007, Xenonics reported a net loss of $177,000 on revenue of $1,646,000. The Company expects to report its fiscal 2008 second quarter financial results and host a conference call by May 14, 2008. Chief Executive Officer Chuck Hunter said, 'Following our profitable first quarter, the second quarter results we anticipate will give us a profitable first half on revenue of approximately $7.1 million, compared to a loss of $582,000 on revenue of $2,562,000 for the first half of fiscal 2007.

We are pleased by our progress in building both our NightHunter and SuperVision businesses, and increasingly optimistic about our opportunities to deliver long-term growth and profitability.'

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