Isomet Announces Second Quarter 2004 Results

Isomet Announces Second Quarter 2004 Results 


SPRINGFIELD, Va., Aug. 11  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink
Sheets: IOMT) announced today second quarter 2004 consolidated net revenue of
$785,000, compared with $789,000 in 2003. A consolidated net loss of $(206,000)
or $(.10) per share was incurred in the second quarter compared to a net loss
of $(137,000), or $(.07) per share in 2003.

For the six months ended June 30, 2004, consolidated net revenue was $1,935,000
compared with $l,838,000 in 2003. For the current six month period a
consolidated net loss of $(388,000), or $(.20) per share was incurred, compared
to a net loss of $(232,000), or $(.12) per share in 2003.

The net loss totals shown above for the quarter and six months ended June 30,
2004 are net of a $30,000 and $60,000, respectively, reduction in a previously
established provision against amounts due from a previous systems customer. 
Without this adjustment, the net loss totals for the quarter and six months
would have been $.02 and $.03 per share higher respectively.

The net loss totals shown above for the quarter and six months ended June 30,
2003, are net of a $150,000 and $300,000, respectively, reduction in a
previously established loss provision against amounts due from a previous
systems customer.  Without this adjustment, the net loss totals for the quarter
and six months would have been $.08 and $.15 per share higher, respectively.

Receipt of new orders for the six months ended June 30, 2004 and 2003 was
2,031,000 and 1,333,000, respectively; and unfilled orders totaled $812,000 and
$662,000, respectively, as of June 30, 2004 and 2003.

  Isomet Corporation (IOMT)

  Quarter June 30                          2004             2003

  Revenue                                  $785,000         $789,000

  Net Loss                                 $(206,000)(3)    $(137,000)(1)

  Net Loss Per Share                       $(.10)(3)        $(.07)(1)

  Six Months June 30

  Revenue                                  $l,935,000       $l,838,000

  Net Loss                                 $(388,000)(4)    $(232,000)(2)

  Net Loss Per Share                       $(.20)(4)        $(.12)(2)


  (1) 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.

  (2) Net of income of $300,000 ($.15 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 $30,000 ($.02 per share) due to a reduction in a
      previously established loss provision against amounts due from a
      previous systems customer.

  (4) Net of income of $60,000 ($.03 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/ 

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