Isomet Announces Second Quarter 2005 Results

SPRINGFIELD, Va., Aug. 4  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink Sheets: IOMT) announced today for the second quarter of 2005 consolidated net revenue of $1,066,000, compared with $785,000 in 2004. A consolidated net loss of $(90,000) or $(.04) per share was incurred in the second quarter compared to a net loss of $(206,000), or $(.10) per share in 2004.

For the six months ended June 30, 2005, consolidated net revenue was $1,899,000 compared with $l,935,000 in 2004. Revenue for the first six months of 2004 includes a non-recurring sale to a previous systems customer totaling $394,000. In the first six months of 2005 sales were broadly based and none were of a non-recurring nature. For the current six month period a consolidated net loss of $(285,000), or $(.14) per share was incurred, compared to a net loss of $(388,000), or $(.20) per share in 2004.

Receipt of new orders for the quarter ended June 30, 2005 and 2004 was $875,000 and $1,104,000, respectively. Receipt of new orders for the six months ended June 30, 2005 and 2004 was $2,091,000 and $2,031,000, respectively. The new order total for the first six months of 2004 includes $394,000 of non-recurring orders from a previous systems customer. New orders in the first six months of 2005 were broadly based and none were of a non- recurring nature. Unfilled orders totaled $750,000 and $812,000, respectively, as of June 30, 2005 and 2004.

   Isomet Corporation (IOMT)


   Quarter June 30                              2005             2004

   Revenue                                  $1,066.000         $785,000

   Net Loss                                   $(90,000)(1)    $(206,000)(2)

   Net Loss Per Share                            $(.04)(1)        $(.10)(2)


   Six Months June 30

   Revenue                                  $l,899,000       $l,935,000 (4)

   Net Loss                                  $(285,000)(1)    $(388,000)(3)

   Net Loss Per Share                            $(.14)(1)        $(.20)(3)


  (1)  Net of income of $30,000 ($.01 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 $30,000 ($.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 $60,000 ($.03 per share) due to a reduction in a
       previously established loss provision against amounts due from a
       previous systems customer.

  (4)  Includes $394,000 in non-recurring sales to 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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