Xenonics Holdings Inc (XNN) Doubles Revenues & Updates SuperVision Launch
Shares of Xenonics Holdings Inc. (Amex: XNN) surged up today after news of its second-quarter earnings were released earlier this morning. In mid-day trading, shares of Xenonics were trading up 11 cents (5 percent) at $2.51 per share on volume of 397,500.Revenue for the three months ended March 31, 2007, from the sale of its NightHunter high-intensity illumination devices increased to $1.65 million compared to $718,000 for the second quarter of fiscal 2006. The net loss for the three months ended March 31, 2007, was $177,000, or 1 cent per share. This compares to a net loss for the three…