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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (63880)	5/17/2002 2:10:28 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

JMAR Reports Lower Q1 Revenue, Losses Improve Online staff -- Electronic News, 5/16/2002 e-insite.net JMAR Technologies Inc. today posted a first-quarter net loss of $747,621, or 3 cents per share, on revenue of $4.5 million. JMAR’s revenue decreased sequentially from $5.4 million, but sales were about flat compared with the year-ago quarter. JMAR’s results include a gain of $1.3 million realized from the sale of its shares in Bede PLC on the London Stock Exchange. Bede is a European-based X-ray technology company. The San Diego-based supplier of proximity X-ray lithography (PXRL) systems and light sources, said its income from continuing operations was $438,240, or 2 cents per share, compared with a loss of $492,845, or 2 cents per share, for the year-ago quarter. Including losses from the company’s discontinued standard semiconductor product line operations, JMAR’s net loss for the quarter was lower than the net loss of $994,441, or 4 cents per share, reported for the first quarter of 2001. For the fourth quarter, JMAR reported a net loss of $10.7 million, or 47 cents per share, which included inventory write-offs and other one-time charges. "This was a challenging quarter for JMAR, as we discontinued the portions of our semiconductor business that had been eroding much of JMAR’s profitability in order to concentrate more effectively on our advanced PXRL, a business area with significantly higher upside potential in which JMAR already enjoys a decided competitive advantage," said John S. Martinez, JMAR’s chairman and CEO. "In spite of this narrowing of JMAR’s business scope, we project total company sales for 2002 will be improved by as much as 35 percent over last year."