Isomet Announces FY 2005 Results

SPRINGFIELD, Va., March 29  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink Sheets: IOMT) announced today fiscal year 2005 consolidated net revenue of $3,645,000, compared with $3,722,000 in 2004.  A consolidated net loss of $(1,013,000) or $(.50) per share was incurred in 2005, compared to a consolidated net loss in 2004 of $(1,449,000) or $(.73) per share.

Fourth quarter 2005 consolidated net revenue was $843,000, compared with $1,024,000 in 2004.  A consolidated net loss of $(590,000) or $(.29) per share was incurred in the quarter, compared to a consolidated net loss of $(836,000) or $(.42) per share in the fourth quarter of 2004.  The 2005 and 2004 fourth quarter results include an adjustment to the carrying value of inventory totaling approx. $320,000 and $615,000, respectively, to more accurately reflect the estimated future realizable value of the inventory.  Without these adjustments the fourth quarter of 2005 would have shown a loss of $(270,000), or $(.13) per share and the 2004 fourth quarter would have shown a loss of $(221,000), or $(.11) per share.

The 2005 net loss totals shown above are net of reductions in a previously established loss provision in the amount of $30,000 $(.01) per share for the fourth quarter and $90,000 $(.04) per share for the fiscal year.  For 2004, the loss provision reduction was $227,000 $(.11) per share and $137,000 $(.07) per share for the fourth quarter.

Receipt of new orders for the fiscal years ended Dec. 31, 2005 and 2004 was $4,054,000 and $3,378,000, respectively, and ending backlogs were $949,000 and $539,000, 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 past filings previous 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                    2005            2004

  Revenue                              $843,000        $1,024,000

  Net Loss (1)                         $(590,000)      $(836,000)

  Net Loss Per Share (2)               $(.29)          $(.42)


  Fiscal Year

  Revenue                              $3,645,000      $3,722,000

  Net Loss (3)                         $(1,013,000)    $(1,449,000)

  Net Loss Per Share (4)               $(.50)          $(.73)


  (1) Net of a $30,000 reduction in 2005 and $137,000 in 2004 in a
      previously established loss provision against amounts due from a
      previous systems customer.

  (2) Net of income of $.01 per share in 2005 and $.07 in 2004 resulting
      from a reduction in a loss provision.

  (3) Net of a $90,000 in 2005 and $227,000 in 2004 reduction in a
      previously established loss provision against amounts due from a
      previous systems customer.

  (4) Net of income of $.04 per share in 2005 and $.11 in 2004 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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