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Xenonics Reports
First Quarter Results

For the three months ended December 31, 2011, revenue was $325,000.

Xenonics Holdings, Inc. Press Release

FlashlightNews.org - 2/17/2012

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Xenonics' NightHunter III

Xenonics' NightHunter III

CARLSBAD, Ca. - XENONICS HOLDINGS, INC. (OTCBB & OTCQB: XNNH) today announced financial results for the first quarter of fiscal 2012.

For the three months ended December 31, 2011, revenue was $325,000. This compares to revenue of $3,548,000 for the first quarter of fiscal 2011. The net loss for the first quarter of fiscal 2012 was $653,000, or $0.03 per share. This compares to net income for the first quarter of fiscal 2011 of $742,000, or $0.03 per share.

Selling, general and administrative expenses decreased 19% to $526,000 for this year's first quarter compared to $651,000 a year ago.

At December 31, 2011, Xenonics reported working capital of $2,009,000, and a current ratio of 3.1.

"Despite delays in securing the purchase orders we anticipate from the Department of Defense and other customers for our NightHunter and SuperVision products, we continue to believe that substantial orders are forthcoming," said Chairman Alan Magerman.

Conference Call

Xenonics has scheduled a conference call at 11:00 a.m. EST (Feb. 14) to discuss its results for fiscal 2011. The dial-in number is (866) 831-6291 and the passcode is #16578376. A simultaneous webcast of the conference call can be accessed from the Webcast Center of the Investor Relations link at 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 #20791893, after 1:00 p.m. EST.

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About Xenonics

Xenonics Holdings, Inc. 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 xenonics.com.

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