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compared with $16.0 million for the second quarter of 2011, while revenues for display products totaled $7.0 million in the second quarter of 2012 versus $15.4 million for the same period of last year. The net loss for the second quarter of 2012 was $5.9 million, or $0.09 per share, compared with net income of $0.8 million, or $0.01 per diluted share, for the second quarter of 2011. The impairment charge is our current estimate, and investors should refer to our Form 10-Q for the period ended June 30, 2012 for a complete description of the impairment charge. Cash and marketable securities at June 30, 2012 totaled $96.3 million.
Kymeta, second spin-out company of Intellectual Ventures, just closed its first round of funding with investments from Bill Gates, Liberty Global and Lux Capital. Based on IV's metamaterials satellite antenna technology (MSA-T), Kymeta’s mTenna products will simplify the satellite connections needed for broadband Internet on the go, anywhere in the world.
http://www.intellectualventures.com/
Liquidmetal(R) Technologies Inc. (OTCBB: LQMT) announced its financial results for the three months ended June 2012. The Company reported revenues of $0.2 million and closed out the second quarter with an operating loss of $7.4 million which included a one-time, non-cash expense of $6.3 million of manufacturing contract costs. Mr. Tom Steipp, President and CEO, commented, "Second Quarter 2012 represents a significant milestone in our march to commercialize Liquidmetal alloys. Our technology is stable and we have begun to deliver prototype parts. Our partners, Materion for alloy supply and Visser Precision Cast for manufacturing, are solidly in place. Now with the capital raise behind us, we are in a position to accelerate sales and marketing initia- tives which will begin to expand the beachheads that we made with early customers in a variety of application segments."
Luna Innovations Incorporated (NASDAQ: LUNA) announced its financial results for the second quarter and six months ended June 2012. Total revenues decreased by 15%, from $9.6 million in the second quarter of 2011 to $8.2 million in the second quarter of 2012. Net loss attributable to common stockholders for the second quarter of 2012 decreased to $269,000 from $289,000 for the second quarter of 2011. Cash and cash equivalents totaled $6.6 million at June 30, 2012, as compared to $7.9 million at March 31, 2012. Cash and cash equivalents decreased primarily due to payment of liabilities accrued as of December 31, 2011. Total revenue decreased by 11% to $16.6 million for the six months ended June 30, 2012 compared to $18.6 million for the six months ended June 30, 2011. Luna Innovations is focused on sensing and instrumentation.