Isomet Announces Third Quarter 2005 Results

SPRINGFIELD, Va., Nov. 1  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink Sheets: IOMT) announced today for the third quarter of 2005 consolidated net revenue of $903,000, compared with $763,000 in 2004.  A consolidated net loss of $(138,000) or $(.07) per share was incurred in the third quarter, compared to a net loss of $(225,000) or $(.11) per share in 2004.

For the nine months ended September 30, 2005, consolidated net revenue was $2,802,000, compared with $2,698,000 in 2004. Revenue for the first nine months of 2004 includes a non-recurring sale to a previous systems customer totaling $394,000.  In the first nine months of 2005 sales were broadly based and none were of a non-recurring nature. For the current nine month period a consolidated net loss of $(423,000), or $(.21) per share was incurred, compared to a net loss of $(613,000) or $(.31) per share in 2004.

Receipt of new orders for the quarter ended Sept. 30, 2005 and 2004 was $729,000 and $720,000, respectively.  Receipt of new orders for the nine months ended Sept. 30, 2005 and 2004 was $2,820,000 and $2,751,000, respectively.  The new order total for the first nine months of 2004 includes $394,000 of non-recurring orders from a previous systems customer.  New orders in the first nine months of 2005 were broadly based and none were of a non- recurring nature.  Unfilled orders totaled $603,000 and $797,000, respectively, as of Sept. 30, 2005 and 2004.

  Isomet Corporation (IOMT)


  Quarter September 30                  2005                 2004

  Revenue                          $    903,000         $    763,000

  Net (Loss)                       $   (138,000)(1)     $   (225,000)(1)

  Net (Loss) Per Share             $       (.07)(1)     $       (.11)(1)


  Nine Months September 30

  Revenue                          $  2,802,000         $  2,698,000 (4)

  Net (Loss)                       $   (423,000)(2)     $   (613,000)(3)

  Net (Loss) Per Share             $       (.21)(2)     $       (.31)(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 $60,000 ($.03 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 $90,000 ($.04 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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