Isomet Announces Third Quarter 2004 Results

Isomet Announces Third Quarter 2004 Results 


SPRINGFIELD, Va., Nov. 9  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink
Sheets: IOMT) announced today, third quarter 2004 consolidated net revenue of
$763,000, compared with $666,000 in 2003.  A consolidated net loss of
$(225,000) or $(.11) per share was incurred in the third quarter, compared to a
net loss of $(184,000) or $(.09) per share in 2003.

For the nine months ended September 30, 2004, consolidated net revenue was
$2,698,000, compared with $2,504,000 in 2003. For the current nine month
period, a consolidated net loss of $(613,000), or $(.31) per share was
incurred, compared to a net loss of $(415,000), or $(.21) per share in 2003.

The net loss totals shown above for the quarter and nine months ended Sept. 30,
2004, are net of a $30,000 and $90,000, 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 $.02 and $.05 per share higher, respectively.

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 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 $.03 and $.18 per share higher, respectively.

Receipt of new orders for the quarter ended Sept. 30, 2004 and 2003 was
$720,000 and $1,173,000, respectively and $2,751,000 and $2,506,000 for the
nine months ended Sept. 30, 2004 and 2003, respectively. Unfilled orders
totaled $797,000 and $l,l83,000, respectively, as of Sept. 30, 2004 and 2003.

  Isomet Corporation (IOMT)


  Quarter September 30                             2004             2003

  Revenue                                      $763,000         $666,000

  Net (Loss)                                  $(225,000)(3)    $(184,000)(l)

  Net (Loss) Per Share                            $(.11)(3)        $(.09)(1)



  Nine Months September 30

  Revenue                                    $2,698,000       $2,504,000

  Net Loss                                    $(613,000)(4)    $(415,000)(2)

  Net Loss Per Share                              $(.31)(4)        $(.21)(2)



  (1)  Net of income of $64,000 ($.03 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 $364,000 ($.18 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 $90,000 ($.05 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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