Identix Inc. reports revenue for its fiscal third-quarter and nine months ended March 31 increased 14 percent and 19 percent, respectively, when compared to similar periods in 2000. For the 2001 fiscal third quarter, revenue increased to $20 million, vs. revenue of $17.6 million in the fiscal 2000 third quarter. The net loss for the third quarter was $5.8 million, or 17 cents loss per share, before write-downs and expected noncash charges related to option expenses.
For the first nine months, revenue increased 19 percent to $62.6 million, with a net loss of $13.8 million, or 41 cents loss per share, before expected noncash charges of $2.1 million related to preferred stock, warrant and stock option expenses and the two write-downs described above of $2.3 million. This compares to revenue of $52.6 million, with a net loss of $10.3 million, or 33 cents loss per share, in the year-earlier period.
Identix is a provider of biometric authentication, security and identification solutions.