At least they are still reporting:
Irvine Sensors Reports 1st Quarter Results
COSTA MESA, Calif., Feb. 13 /PRNewswire-FirstCall/ -- Irvine Sensors Corporation (Nasdaq: IRSN, Boston: ISC) today reported operating results for its first fiscal quarter ended December 30, 2001.
Consolidated revenues were $2,497,500, an approximate 29% increase over the $1,943,000 of the first fiscal quarter ended December 31, 2001. Consolidated net loss for the current year's first quarter was $2,209,400, a reduction of approximately $3.8 million or 64% from the $6,067,000 consolidated loss in the first quarter of fiscal 2000.
Robert G. Richards, CEO and President, said, ``In addition to the revenue increase, the quarter just ended reflects both cost reductions and our changed investment strategy toward subsidiaries. Given these changes, and anticipated further increases in government contracts, we believe that we can achieve more improvement in subsequent quarters.'' |
