Business
Luxell Reports 3rd Quarter Results for Fiscal 2007
Luxell Reports 3rd Quarter Results for Fiscal 2007.
About this update from Newlox Gold Ventures Corp.
[{"type":"text","content":"\n\n\n\nTORONTO, July 13 /CNW/ - Luxell Technologies Inc. (TSX:LUX) today\nannounced that revenues for the three months ending May 31, 2007 were $894,034\nas compared with $703,028 for the three months ended May 31, 2006. This is an\nincrease of $191,006 or 27% for the same period a year earlier.\n\n\nThe net loss for the quarter was $1,213,455 (($0.03) per share) compared\nto a loss of $1,877,206 (($0.04) per share) for the three months ended May 31,\n2006. Revenues for the third quarter resulted exclusively from the high\nperformance display products business.\n\n\nRevenues for the nine-month period ended May 31, 2007 were $2,422,355\ncompared to $2,490,292 for the same period last year. The net loss for the\nnine months was $4,982,413 or $0.11 per share compared to a loss of $5,498,841\nor $0.12 per share for the same period in fiscal 2006.\n\n\nIn commenting on the third quarter results, David Pasieka, Luxell's CEO,\nsaid that "while we have certainly felt the business was stabilizing after the\nchanges of last year and through the first half of fiscal 2007, we're greatly\nencouraged to see that now begin to show up in the financial results. There\nare still significant challenges but we continue to see progress with our\nbusiness developments and remain optimistic about the company's future\nperformance."\n\n\nComplete details of the Company's unaudited third 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\nForward-Looking Statements\n\n\nThis news release contains certain "forward-looking statements" that\nreflect the current views and/or expectations of Luxell Technologies Inc. with\nrespect to its performance, business and future events. Such statements are\nsubject to a number of risks, uncertainties and assumptions. Actual results\nand events may vary significantly.\n\n\n%SEDAR: 00008266E\n\n\n","length":2381,"tagName":"div"}]