Isomet Announces Third Quarter 2006 Results

SPRINGFIELD, Va., Nov 14  /PRNewswire-FirstCall/ -- Isomet Corporation (Pink Sheets: IOMT) announced today for the third quarter of 2006 consolidated net revenue of $897,000, compared with $903,000 in 2005. A consolidated net loss of $(142,000), or $(.07) per share was incurred in the third quarter, compared to a net loss of $(138,000), or $(.07) per share in 2005.

For the nine months ended Sept. 30, 2006, consolidated net revenue was $4,242,000 compared with $2,802,000 in 2005. The nine month revenue total for 2006 includes $1,500,000 from proceeds of key-man life insurance coverage. Without this amount, revenue from operations was $2,742,000. The nine month revenue total for 2005 includes $60,000 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 nine months of 2006 was $1,161,000 or $.57 per share, compared to a net loss in the same period of 2005 of $(423,000) or $(.21) per share. Without the $1,500,000 non-recurring income amount, a net loss of $(339,000) or $(.17) per share was incurred in the current nine month period.

Receipt of new orders for the quarters ended Sept. 30, 2006 and 2005 was $1,006,000 and $729,000, respectively. Receipt of new orders for the nine months ended Sept. 30, 2006 and 2005 was $3,087,000 and 2,820,000, respectively. Unfilled orders totaled $1,177,000 and $603,000, respectively, as of Sept. 30, 2006 and 2005.

Safe harbor statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, those risks detailed from time to time in the Company's past filings with the Securities and Exchange Commission. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward looking statements. Furthermore, the Company does not intend (and is not obligated) to update publicly any forward-looking statements.

  Isomet Corporation (IOMT)


  Quarter September 30                           2006               2005

  Revenue                                    $897,000           $903,000

  Net Loss                                 $ (142,000)        $( 138,000)(1)

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


  Nine Months September 30

  Revenue                                  $4,242,000(3)      $2,802,000

  Net Income (Loss)                       $ 1,161,000(3)       $(423,000)(2)

  Net Income (Loss) Per Share                    $.57(3)           $(.21)(2)



  (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) Includes proceeds of key-man life 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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