IDENTIX SEES ITS LOSSES EASE, REPORTS RISES IN REVENUE
Identix Inc., a provider of biometric authentication, security and identification solutions, reports that revenue for its fiscal second quarter and first six months ended Dec. 31 increased 21 percent and 22 percent, respectively, when compared to the prior year’s similar periods. For the 2001 fiscal second quarter, revenue grew to $21.2 million, vs. revenue of $17.5 million in the fiscal 2000 second quarter. The net loss for the second quarter was $4.5 million, or 13 cents per share, before an expected noncash charge of $594,000, or 2 cents per share, related to stock option expenses. This compares to a net loss of $3 million, or 10 cents per share, in the year-earlier period. For the first six months, revenue increased to $42.6 million, with a net loss of $7.9 million, or 24 cents per share, before expected noncash charges of $1.9 million related to preferred stock and stock option expenses. This compares to revenue of $35 million, with a net loss of $6.4 million, or 21 cents per share, in the year-earlier period.
“The fiscal second quarter was one of excellent forward progress for the company,” says Identix CEO Robert McCashin. “We ended the quarter in a stronger position than ever before, with strong demand across the board for our products and services and the strongest list of partnerships and relationships in the company’s history.”
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