Isomet Announces Second Quarter 2006 Results

SPRINGFIELD, Va., Aug. 4  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink Sheets: IOMT) announced today for the second quarter of 2006 consolidated net revenue of $874,000 compared with $1,066,000 in 2005.  A consolidated net loss of $(118,000) or $(.06) per share was incurred in the second quarter compared to a net loss of $(90,000), or $(.04) per share in 2005.

For the six months ended June 30, 2006, consolidated net revenue was $3,345,000 compared with $1,899,000 in 2005.  The six month revenue total for 2006 includes $1,500,000 from proceeds of key-man life insurance coverage. Without this amount, revenue from operations was $1,845,000.  The six month revenue total for 2005 includes $30,000 from a reduction in a previously established loss provision.  Including the $1,500,000 non-recurring proceeds referred to above, net income in the first six months of 2006 was $1,303,000, or $.64 per share, compared to a net loss in the same period of 2005 of $(285,000), or $(.14) per share.  Without the $1,500,000 non-recurring income amount, a net loss of $(197,000), or $(.10) per share was incurred in the current six month period.

Receipt of new orders for the quarter ended June 30, 2006 and 2005 was $1,240,000 and $875,000, respectively.  Receipt of new orders for the six months ended June 30, 2006 and 2005 was $2,081,000 and 2,091,000, respectively.  Unfilled orders totaled $1,065,000 and $750,000, respectively, as of June 30, 2006 and 2005.

  Isomet Corporation (IOMT)

  Quarter June 30                          2006             2005

  Revenue                                  $874,000         $1,066,000

  Net Loss                                 $(118,000)       $(90,000)(1)

  Net Loss Per Share                       $(.06)           $(.04)(1)


  Six Months June 30

  Revenue                                  $3,345,000(2)    $1,899,000

  Net Income (Loss)                        $1,303,000(2)    $(285,000)(1)

  Net Income (Loss) Per Share              $.64(2)          $(.14)(1)

  (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) Includes proceeds of key-man insurance coverage totaling $1,500,000
      ($.74 per share) in the first quarter of 2006.


DATASOURCE: Isomet Corporation



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



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

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