SpatiaLight Announces Third Quarter 2006 Results

NOVATO, Calif., Nov. 9  /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (NASDAQ:HDTV), a leading developer and manufacturer of ultra high-resolution Liquid Crystal on Silicon (LCoS) microdisplays for the high definition television market, today reported its results for the third quarter and the first nine months of 2006.

For the quarter ended September 30, 2006, SpatiaLight had revenues of $298,046 as compared with revenues of $58,457 for the same period in 2005. Revenues for the nine months ended September 30, 2006 were $442,888, compared to revenues of $197,365 for the same period in 2005. Net loss for the quarter was $4,173,985, or $0.10 per share, versus a net loss of $3,620,751, or $0.10 per share for the same period a year ago. The company reported a net loss of $15,111,236, or $0.38 per share, compared to $9,293,733, or $0.26 per share for the nine months ended September 30, 2005.

Don Suh, SpatiaLight's new CEO, commented, "SpatiaLight is pleased with the results of the third quarter and we look forward to continued growth as we become the proven supplier of LCoS microdisplays to the television industry."

Suh added, "SpatiaLight will continue to grow its revenues both through existing products and new product initiatives with current and potential customers.  SpatiaLight's product roadmap is intended to help manufacturers lower their costs while maintaining superior image quality and offering a tremendous value proposition for the end customer.  SpatiaLight's LCoS imagers will now be marketed for use in front projector systems, both for the home and office, pocket projection solutions and single panel based handheld solutions."

Dave Hakala, Chief Operating Officer, commented, "We are now a couple of months into our ramp up and we are seeing successful production progress.  We believe that the third quarter is just the beginning of our production output growth and we look forward to continued success in our production output."

Webcast Details

SpatiaLight will hold a public audio webcast at 5:00 p.m. EST on Thursday, November 9, 2006, with management of the Company to discuss details regarding the Company's performance for the third quarter and nine months 2006 and other forward-looking information. The session may be accessed at http://www.spatialight.com/ under the link for Investors. The webcast will be available for replay through the close of business on November 16, 2006.

About SpatiaLight

SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high-definition televisions and other display applications.  The company manufactures its products at its production facility in South Korea.  SpatiaLight is committed to developing microdisplay technologies that will be the standard for the next generation of high definition televisions and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry.

For more information about SpatiaLight, please visit the Company's website at:  http://www.spatialight.com/ .

Safe Harbor Statement

This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities.  SpatiaLight has tried to identify these forward- looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties and other factors that could cause SpatiaLight's actual results, performance, prospects or opportunities in the remainder of 2006 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements.  These risks and uncertainties are outlined in the Company's filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-Q and 10-K. 

DATASOURCE: SpatiaLight, Inc.



CONTACT:  Investor Relations, SpatiaLight, Inc., [phone], or





Web site:  http://www.spatialight.com/ 

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