Xenonics Expects Profitable Fiscal 2008
Second Quarter and First Half
|Xenonics Holdings, Inc. Press Release||FlashlightNews.org - 4/03/2008|
Company expects to be profitable on revenue of $3.5 million for 2nd quarter
SuperVision Tactical Package
CARLSBAD, Ca. - XENONICS HOLDINGS, INC. (AMEX: XNN), a leader in advanced illumination and low-light viewing technologies, announced today that it 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."
Xenonics Holdings, Inc. (AMEX: XNN) develops and produces advanced, lightweight and compact ultra-high-intensity illumination and low-light vision products for military, law enforcement, public safety, and commercial and private sector applications. Xenonics' NightHunter line of illumination products is used by every branch of the U.S. Armed Forces as well as law enforcement and security agencies. Its SuperVision high-definition night vision is designed for commercial and military applications. Employing patented technologies, Xenonics provides innovative solutions for customers who must see farther so they can do their jobs better and safer. Xenonics' products represent the next generation in small, high intensity, high efficiency illumination and low-light vision systems.
Visit Xenonics on the web at www.xenonics.com.