SpatiaLight Announces Third Quarter 2006 Results
10 11월 2006 - 6:30AM
PR Newswire (US)
NOVATO, Calif., Nov. 9 /PRNewswire-FirstCall/ -- SpatiaLight, Inc.
(NASDAQ:HDTV), a leading developer and manufacturer of ultra
high-resolution Liquid Crystal on Silicon (LCoS) microdisplays for
the high definition television market, today reported its results
for the third quarter and the first nine months of 2006. For the
quarter ended September 30, 2006, SpatiaLight had revenues of
$298,046 as compared with revenues of $58,457 for the same period
in 2005. Revenues for the nine months ended September 30, 2006 were
$442,888, compared to revenues of $197,365 for the same period in
2005. Net loss for the quarter was $4,173,985, or $0.10 per share,
versus a net loss of $3,620,751, or $0.10 per share for the same
period a year ago. The company reported a net loss of $15,111,236,
or $0.38 per share, compared to $9,293,733, or $0.26 per share for
the nine months ended September 30, 2005. Don Suh, SpatiaLight's
new CEO, commented, "SpatiaLight is pleased with the results of the
third quarter and we look forward to continued growth as we become
the proven supplier of LCoS microdisplays to the television
industry." Suh added, "SpatiaLight will continue to grow its
revenues both through existing products and new product initiatives
with current and potential customers. SpatiaLight's product roadmap
is intended to help manufacturers lower their costs while
maintaining superior image quality and offering a tremendous value
proposition for the end customer. SpatiaLight's LCoS imagers will
now be marketed for use in front projector systems, both for the
home and office, pocket projection solutions and single panel based
handheld solutions." Dave Hakala, Chief Operating Officer,
commented, "We are now a couple of months into our ramp up and we
are seeing successful production progress. We believe that the
third quarter is just the beginning of our production output growth
and we look forward to continued success in our production output."
Webcast Details SpatiaLight will hold a public audio webcast at
5:00 p.m. EST on Thursday, November 9, 2006, with management of the
Company to discuss details regarding the Company's performance for
the third quarter and nine months 2006 and other forward-looking
information. The session may be accessed at
http://www.spatialight.com/ under the link for Investors. The
webcast will be available for replay through the close of business
on November 16, 2006. About SpatiaLight SpatiaLight, Inc., founded
in 1989, manufactures high-resolution LCoS microdisplays for use in
high-definition televisions and other display applications. The
company manufactures its products at its production facility in
South Korea. SpatiaLight is committed to developing microdisplay
technologies that will be the standard for the next generation of
high definition televisions and to providing OEMs with the most
cost effective, high-resolution microdisplays in the industry. For
more information about SpatiaLight, please visit the Company's
website at: http://www.spatialight.com/ . Safe Harbor Statement
This news release includes forward-looking statements that reflect
SpatiaLight's current expectations about its future results,
performance, prospects and opportunities. SpatiaLight has tried to
identify these forward- looking statements by using words and
phrases such as "may," "will," "expects," "anticipates,"
"believes," "intends," "estimates," "plan," "should," "typical,"
"preliminary," "we are confident" or similar expressions. These
forward-looking statements are based on information currently
available to SpatiaLight and are subject to a number of risks,
uncertainties and other factors that could cause SpatiaLight's
actual results, performance, prospects or opportunities in the
remainder of 2006 and beyond to differ materially from those
expressed in, or implied by, these forward-looking statements.
These risks and uncertainties are outlined in the Company's filings
with the U.S. Securities and Exchange Commission, including its
most recent reports on Form 10-Q and 10-K. DATASOURCE: SpatiaLight,
Inc. CONTACT: Investor Relations, SpatiaLight, Inc.,
+1-415-883-1693, or Web site: http://www.spatialight.com/
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