Isomet Announces Third Quarter 2003 Results

Isomet Announces Third Quarter 2003 Results 


SPRINGFIELD, Va., Nov. 17  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink
Sheets: IOMT) announced today, third quarter 2003 consolidated net revenue of
$666,000, compared with $975,000 in 2002.  A consolidated net loss of $(184,000)
or $(.09) per share was incurred in the third quarter, compared to a net loss in
the third quarter of 2002 of $(138,000) or $(.07) per share in 2002.

For the nine months ended September 30, 2003, consolidated net revenue was
$2,504,000, compared with $2,834,000 in 2002.  For the current nine months
period, a consolidated net loss of $(415,000), or $(.21) per share was incurred,
compared to a net loss of $(475,000), or $(.24) per share in 2002.

The net loss totals shown above for the quarter and nine months ended Sept. 30,
2003, are net of a $64,000 and $364,000, respectively, reduction in a previously
established provision against amounts due from a previous system customer.

Without this adjustment, the net loss totals for the quarter and nine months
would have been $.03 and $.18 per share higher, respectively.

The net loss totals shown above for the quarter and nine months ended Sept. 30,
2002, are net of a $200,000 and $350,000, respectively, reduction in a
previously established loss provision against amounts due from a previous system
customer.  Without this adjustment, the net loss totals for the quarter and nine
months would have been $.10 and $.18 per share higher, respectively.

Receipt of new orders for the Quarter ended Sept. 30, 2003 and 2002 was
$1,173,000 and $501,000, respectively and for the nine months ended Sept. 30,
2003 and 2002 of $2,506,000 and 1,923,000, respectively.  Unfilled orders
totaled $1,183,000 and $938,000, respectively, as of Sept. 30, 2003 and 2002.

  Isomet Corporation (IOMT)

  Quarter September 30                     2003                2002

  Revenue                              $  666,000          $  975,000

  Net (Loss)                           $ (184,000)(5)      $ (138,000)(l)

  Net (Loss) Per Share                 $     (.09)(6)      $     (.07)(2)


  Nine Months September 30

  Revenue                              $2,504,000          $2,834,000

  Net Loss                             $ (415,000)(7)      $ (475,000)(3)

  Net Loss Per Share                   $     (.21)(8)      $     (.24)(4)


  (1)  Net of a $200,000 reduction in a previously established loss
       provision.
  (2)  Net of income of $.10 per share resulting from a reduction in a loss
       provision.
  (3)  Net of a $350,000 reduction in a previously established loss
       provision.
  (4)  Net of income of $.18 per share resulting from a reduction in a loss
       provision
  (5)  Net of a $64,000 reduction in a previously established loss
       provision.
  (6)  Net of income of $.03 per share resulting from a reduction in a loss
       provision
  (7)  Net of a $364,000 reduction in a previously established loss
       provision.
  (8)  Net of income of $.18 per share 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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