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| cardsnmore.com / press_releases / 26-01-2006.html |
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LaserCard Corporation Reports Results for FY06 Third Quarter - Announces Profits of $0.10 Per Share - |
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26.01.2006 - LaserCard Corporation (NASDAQ:LCRD), a leading supplier of ID credentials used in biometric identification, today announced the financial results for its fiscal 2006 third quarter ended Dec. 31, 2005.
Revenues for the third quarter of fiscal 2006 were $10.1 million, compared with $6.3 million in the same quarter a year ago and $8.7 million in the prior quarter of fiscal 2006. The net earnings for the third quarter of fiscal 2006 were $1.2 million, or $0.10 per share, compared with a net loss in the same quarter a year ago of $2.8 million, or a loss of $0.25 per share. The net loss in the prior quarter this year was $0.6 million, or a loss of $0.05 per share.
LaserCard optical memory card revenues for the third quarter of fiscal 2006 were $7.7 million compared with $3.6 million in the prior fiscal year’s third quarter and $5.6 million in the prior quarter this year. Revenues from LaserCard read/write drives, drive accessories and maintenance were $0.2 million for the third fiscal quarter compared with $0.3 million in the same period last year and $0.4 million in the prior quarter this year. Revenues from specialty cards and printers totaled $2.2 million for the third fiscal quarter compared with $2.4 million in the same quarter a year ago and $2.7 million for the second quarter in fiscal 2006.
LaserCard Corporation's cash, cash equivalents and short-term investments were $21.1 million at Dec. 31, 2005, compared with $17.3 million at Sept. 30, 2005.
"We are pleased with our profitability in the third quarter, during which we shipped Italian national ID cards, U.S. Green Cards and Laser Visa Border Crossing Cards, Permanent Resident Cards for Canada and Costa Rica, and optical and specialty cards for other programs," said Richard Haddock, CEO of LaserCard. "We expect revenue growth in the coming quarter given our current optical memory card backlog."
Earnings Results Conference Call
LaserCard will hold a conference call to discuss the company's fiscal third quarter results today, Jan. 26, 2006, at approximately 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. For access to the conference call, please call 210-234-0003 by 1:50 p.m. Pacific Time. A taped replay of the call will be available for one week. To access the replay, please call 203-369-3257. You will need to reference the passcode: LaserCard and the conference leader: Richard Haddock. |
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