Xenonics Holdings, Inc. (XNNH) Reports Q1 Results for 2011 Fiscal Year
Xenonics Holdings, Inc., the designer, manufacturer, and marketer of portable illumination products and night vision systems, announced today its net income for the first quarter of fiscal year 2011, which ended December 31,2010. The company reported a net income of $742,000, or $0.03 per basic share, on revenue of $3,548,000. This was a great improvement from last year’s Q1 net loss of $405,000, or $0.02 per basic share, on revenue of $1,255,000. "Based on orders in hand and current shipment schedules, we expect to report a profit again in the second quarter, and we are optimistic about the outlook for…