Business
Luxell Reports 2nd Quarter Results for Fiscal 2007
Luxell Reports 2nd Quarter Results for Fiscal 2007.
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, May 10 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today\nannounced that revenues for the three months ending February 28, 2007 were\n$801,389, as compared with $1,493,284 for the three months ended February 28,\n2006. The net loss for the quarter was $1,677,590 (($0.04) per share) compared\nto a loss of $1,609,215 (($0.04) per share) for the three months ended\nFebruary 28, 2006. Revenues for the second quarter resulted exclusively from\nhigh performance display product shipments.\n\n\nRevenues for the six-month period ended February 28, 2007 were $1,528,321\ncompared to $1,787,264 for the same period last year. The net loss for the six\nmonths was $3,768,958 or $0.08 per share compared to a loss of $3,661,635 or\n$0.08 per share for the same period in fiscal 2006.\n\n\nSecond Quarter Highlights included:\n\n\n- a multi-year contract valued at 2.5 Million Euro for a next phase\n LoadMaster designed for the Airbus A400M;\n- a 4ATI product line order valued at over 1 Million Euro;\n- a contract extension valued at over 1.2 Million Euro with display\n product destined for the EuroFighter program.\n\n\nIn commenting on the second quarter results, Alec Couckuyt, Luxell's CEO,\nsaid that "Despite the significant challenges the Company has had to deal with\nthrough the last six months, we are actually very encouraged by the confidence\nour customers have shown in the specialized ATI and Rectangular display\nproducts we are now shipping. We are quite optimistic that the balance of the\nyear will turn out as projected in our business plan."\n\n\nComplete details of the Company's unaudited second quarter financial\nstatements for fiscal 2007 will be found at www.sedar.com.\n\n\nAbout Luxell\n\n\n------------\n\n\nLuxell designs, manufactures and licenses flat panel display technologies\nand solutions for defence and avionics industries. More information can be\nfound at www.luxell.com. (C) Luxell Technologies Inc., Luxell and Black Layer\nare trademarks of Luxell Technologies Inc. All other company and/or product\nnames are trademarks and/or registered trademarks of their respective\nmanufacturers.\n\n\n%SEDAR: 00008266E\n\n\n","length":2275,"tagName":"div"}]