Xenonics (XNN) Comments on Revenue Outlook

April 3, 2008 8:32 AM EDT

Xenonics (AMEX: XNN) 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. (Note - March Qtr revenue consensus is $3.97 million)

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." (Note - June Qtr revenue consensus is $4.83 million - $8.8 million for first half)

Shares are currently trading around $1.66 (52wk Range: $1.30 - $3.12)

Xenonics Holdings, Inc. designs, manufactures and markets portable illumination products and low light viewing systems (night vision).[SM]

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