Previous Page
30
nanotimes
Companies Facts
in the same period of 2011. The decline in operating expenses is a reflection of lower cost of goods sold of $4.5 million and reduced R&D expense of $1.3 million. Net loss for the first quarter of 2012 was $2.2 million, or $0.03 per share, compared with net income of $2.1 million, or $0.03 per diluted share, for the first quarter of 2011.
Cash and marketable securities at March 31, 2012 totaled $102 million, compared with $105.4 million in cash and marketable securities at year-end 2011.
http://www.kopin.com L L iquidmetal® Technologies Inc. (OTCBB: LQMT) announced its financial results for the three
months ended March 31, 2012. The Company re- ported revenues of $0.2 million and closed out the first quarter with an operating loss of $1.0 milli- on.
una Innovations Incorporated (NASDAQ: LUNA) announced its financial results for the first quarter
ended March 31, 2012. As compared to the same quarter last year, Luna improved its net loss to $0.3 million for the first quarter of 2012 from a net loss of $1.0 million, as lower operating expenses more than offset a decline in revenues. Total revenues decreased to $8.4 million in the first quarter of 2012 compared to $9.0 million in the first quarter of 2011, primarily due to lower revenues from sales of fiber optic test and measurement equipment. Gross profit decreased to $3.2 million for the first quarter of
2012 compared to $3.3 million for the first quarter of 2011.
Luna also reduced its operating expenses to $3.5 million in the first quarter of 2012 compared to $4.2 million in the first quarter of the prior year. Adjusted EBITDA, a non-GAAP measure, which is earnings be- fore interest, taxes, and non-cash expenses of stock based compensation, depreciation, amortization and warrant expense, improved to $0.5 million for the first quarter of 2012, as compared to $0.3 million for the first quarter of 2011. Cash decreased to $7.9 million at March 31, 2012 from $8.9 million at De- cember 31, 2011.
“We continue to make progress towards achieving the corporate growth strategies that we outlined late last year,” said My Chung, chief executive officer of Luna. “For example, we are focusing our efforts on accelerating product sales in fiber optic sensing through ongoing development of our ODiSi platform. Secondly, we recently announced a new develop- ment agreement with Philips Healthcare, which further strengthens our position in the medical field. And finally, we are continuing to advance our cyber- security solutions. We remain confident that achie- vement of these strategies will drive long-term growth and increased shareholder value.”
Based on information as of May 9, 2012, Luna con- tinues to expect total revenue for 2012 to be in the range of $32.5 million to $37.0 million. Also for 2012, the Company anticipate a net loss to common stockholders in the range of $0.2 million to $1.2 million.
http://www.lunainnovations.com
12-04 :: April/May 2012