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Xenonics Fiscal 2008 Revenue Doubled
To $10.2 Million

NightHunter and SuperVision maker believes revenue can double again in fiscal 2009

Xenonics Holdings, Inc. Press Release

FlashlightNews.org - 12/17/2008
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Xenonics' NightHunter III

Xenonics' NightHunter III

CARLSBAD, Ca. - XENONICS HOLDINGS, INC. (AMEX: XNN) announced today that revenue for the fiscal year ended Septembe r 30, 2008 increased 104% to $10.2 million from $5.0 million for fiscal 2007. The net loss for fiscal 2008 narrowed to $1.4 million, or $0.07 per share, which included $963,000 in R&D expenses and $241,000 in non-cash stock-based compensation expenses. For fiscal 2007, the net loss was $4.0 million, or $0.22 per share.

"Xenonics' improved operating performance for fiscal 2008 versus fiscal 2007 was driven by higher shipments of our NightHunter high-intensity illumination devices to U.S. Army, U.S. Marines and military distributors, and sales of our patented SuperVision high-definition night vision products to more than 100 police and government agencies throughout the United States. Looking forward, with more than $11 million in Operational Needs Statements requesting funding for purchases of NightHunter 3 already submitted by military units, and the growth we are generating in our SuperVision customer base in both the U.S. and abroad, we believe that revenue can double again in fiscal 2009 and the Company can deliver a profit for the year," said Chief Executive Officer Chuck Hunter.

The CEO noted that selling, general and administrative expenses for fiscal 2008 decreased 18% to $4,926,000 compared to $6,007,000 for fiscal 2007, while R&D expenses increased 35% to support the development of new products, including NightHunter 3, NightHunter Snyper, NightHunter Tactical IR, SuperVision Tactical Package and SuperVision Long Range Surveillance System. "New products that enhance the capabilities of our customers in the field and help them do their jobs better and more safely are an important part of our growth strategy," Hunter said.

Download Statement of Operations(pdf)

Conference Call

Xenonics has scheduled a conference call at 11:00 a.m. EST this morning to discuss its fiscal 2008 results. The dial in number is (866) 788-0545 and the passcode is 41164402. A simultaneous webcast of the conference call can be accessed from the Webcast Center of the Investor Relations link at www.xenonics.com. A replay will be available after 1:00 p.m. EST at this same Internet address. For a telephone replay, dial (888) 286 8010, passcode 61004264, after 1:00 p.m. EST.

About Xenonics

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.

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