Xenonics Reports Third Quarter Results

XENONICS HOLDINGS, INC. (OTCQB:XNNH) today announced financial results for the third quarter and first nine months of fiscal 2014.

Revenue for the three months ended June 30, 2014 decreased to $257,000. This compares to revenue of $373,000 for the third quarter of fiscal 2013. The net loss for this year’s third quarter was $446,000, or $0.02 per basic and diluted share. This compares to a net loss for the third quarter of fiscal 2013 of $480,000, or $0.02 per basic and diluted share.

For the nine months ended June 30, 2014, revenue decreased to $337,000 compared to $1,492,000 for last year’s first nine months. The net loss for the first nine months of fiscal 2014 was $1,625,000, or $0.07 per basic and diluted share. This compares to a net loss for the first nine months of fiscal 2013 of $1,267,000, or $0.05 per basic and diluted share.

“We expect to receive significant orders from military and international customers in the weeks and months ahead. We currently are arranging additional financing to support our operations, and hope to complete this process soon,” said Chairman Alan Magerman

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