Isomet Announces FY 2004 Results

Isomet Announces FY 2004 Results 


SPRINGFIELD, Va., April 13  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink
Sheets: IOMT) announced today fiscal year 2004 consolidated net revenue of
$3,722,000, compared with $3,786,000 in 2003.  A consolidated net loss of
$(1,449,000) or $(.73) per share was incurred in 2004, compared to a
consolidated net loss in 2003 of $(1,169,000) or $(.59) per share.

Fourth quarter 2004 consolidated net revenue was $1,024,000, compared with
$1,281,000 in 2003.  A consolidated net loss of $(836,000) or $(.42) per share
was incurred in the quarter, compared to a consolidated net loss of $(754,000)
or $(.38) per share in the fourth quarter of 2003. The 2004 and 2003 fourth
quarter results include an adjustment to the carrying value of inventory
totaling approx. $615,000 and $550,000, respectively, to more accurately
reflect the estimated future realizable value of the inventory. Without these
adjustments the fourth quarter of 2004 would have shown a loss of $(221,000),
or $(.11) per share and the 2003 fourth quarter would have shown a loss of
$(204,000), or $(.10) per share.

The 2004 net loss totals shown above are net of reductions in a previously
established loss provision in the amount of $137,000 $(.07 per share) for the
fourth quarter and $227,000 $(.11 per share) for the fiscal year. For 2003, the
loss provision reduction was $394,000 $(.20 per share) and $30,000 $(.02 per
share) for the fourth quarter.

Receipt of new orders for the fiscal year ended Dec. 31, 2004 and 2003 was
$3,378,000 and $3,395,000, respectively, and ending backlogs were $539,000 and
$794,000, respectively.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:  The statements contained herein which are not historical fact are
forward-looking statements that are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, those risks detailed
from time to time in the Company's filings with the Securities and Exchange
Commission.  Investors are cautioned that any such statements are not
guarantees of future performance and that actual results or developments may
differ materially from those projected in the forward looking statements.
Furthermore, the Company does not intend (and is not obligated) to update
publicly any forward-looking statements.

  Isomet Corporation (IOMT)

  Quarter December 31                 2004               2003

  Revenue                             $ 1,024,000        $ 1,281,000

  Net Loss (1)                        $ (836,000)        $ (754,000)

  Net Loss Per Share (2)              $ (.42)            $ (.38)

  Fiscal Year

  Revenue                             $ 3,722,000        $ 3,786,000

  Net Loss (3)                        $ (1,449,000)      $ (1,169,000)

  Net Loss Per Share (4)              $ (.73)            $ (.59)

  (1) Net of a $137,000 reduction in 2004 and $30,000 in 2003 in a
      previously established loss provision against amounts due from a
      previous systems customer.

  (2) Net of income of $.07 per share in 2004 and $.02 in 2003 resulting
      from a reduction in a loss provision.

  (3) Net of a $227,000 in 2004 and $394,000 in 2003 reduction in a
      previously established loss provision against amounts due from a
      previous systems customer.

  (4) Net of income of $.11 per share in 2004 and $.20 in 2003 resulting
      from a reduction in a loss provision.


DATASOURCE: Isomet Corporation



CONTACT:  Jerry W. Rayburn of Isomet Corporation, [phone]



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

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