Isomet Announces First Quarter 2004 Results

Isomet Announces First Quarter 2004 Results 


SPRINGFIELD, Va., May 13  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink
Sheets: IOMT) announced today first quarter ended March 31, 2004 consolidated
net revenue of $1,150,000 compared with $1,050,000 in 2003. Revenue for the
first quarter of 2004 includes a non-recurring sale to a previous systems
customer totaling $394,000.  In the first quarter of 2003 there were no sales
of this nature.

A net loss of $(182,000) or (.09) per share was incurred in the current
quarter, compared to a net loss in the first quarter of 2003 of $(95,000) or
$(.05) per share.  The net loss for the quarter ended March 31, 2004 is net of
a $30,000, or $.02 per share, reduction in a previously established loss
provision against amounts due from a previous systems customer.  In the first
quarter of 2003, the loss provision reduction was $150,000, or $.08 per share.

Receipt of new orders for the quarters ended March 31, 2004 and 2003 was
$927,000 and $914,000, respectively.  The March 31, 2004 quarter total of new
orders includes $394,000 of non-recurring orders from a previous systems
customer.  In the first quarter of 2003 there were no order receipts of this
nature.  Unfilled orders totaled $458,000 and $878,000, respectively, as of
March 31, 2004 and 2003.

                        Isomet Coproration (IOMT)


   Quarter March 31                2004                   2003


   Revenue                     $l,l50,000 (1)          $1,050,000

   Net (Loss)                  $ (182,000)(2)          $  (95,000)(3)

   Net (Loss) Per Share        $     (.09)(2)          $     (.05)(3)


  (1) Includes $394,000 in non-recurring sales to a previous systems
      customer.

  (2) Net of income of $30,000 ($.02 Per Share) due to a reduction in a
      previously established loss provision against amounts due from a
      previous systems customer.

  (3) Net of income of $150,000 ($.08 Per Share) due to a reduction in a
      previously established loss provision against amounts due from a
      previous systems customer.


DATASOURCE: Isomet Corporation



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



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

Copyright