Xenonics Fiscal 2008 Revenue Doubled to $10.2 Million

CARLSBAD, Calif.- Dec 17 2008 - XENONICS HOLDINGS, INC. (AMEX:XNN) announced today that revenue for the fiscal year ended September 30, 2008 increased 104% to $10.2 million from $5.0 million for fiscal 2007. The net loss for fiscal 2008 narrowed to $1.4 million, or $0.07 per share, which included $963,000 in R&D expenses and $241,000 in non-cash stock-based compensation expenses. For fiscal 2007, the net loss was $4.0 million, or $0.22 per share.

"Xenonics' improved operating performance for fiscal 2008 versus fiscal 2007 was driven by higher shipments of our NightHunter high-intensity illumination devices to U.S. Army, U.S. Marines and military distributors, and sales of our patented SuperVision high-definition night vision products to more than 100 police and government agencies throughout the United States. Looking forward, with more than $11 million in Operational Needs Statements requesting funding for purchases of NightHunter 3 already submitted by military units, and the growth we are generating in our SuperVision customer base in both the U.S. and abroad, we believe that revenue can double again in fiscal 2009 and the Company can deliver a profit for the year," said Chief Executive Officer Chuck Hunter.

Conference Call

Xenonics has scheduled a conference call at 11:00 a.m. EST this morning to discuss its fiscal 2008 results. The dial in number is (866) 788-0545 and the passcode is 41164402. A simultaneous webcast of the conference call can be accessed from the Webcast Center of the Investor Relations link at www.xenonics.com. A replay will be available after 1:00 p.m. EST at this same Internet address. For a telephone replay, dial (888) 286-8010, passcode 61004264, after 1:00 p.m. EST.

About Xenonics

Xenonics Holdings, Inc. (AMEX:XNN) develops and produces advanced, lightweight and compact ultra-high-intensity illumination and low-light vision products for military, law enforcement, public safety, and commercial and private sector applications. Xenonics' NightHunter line of illumination products is used by every branch of the U.S. Armed Forces as well as law enforcement and security agencies. Its SuperVision high-definition night vision is designed for commercial and military applications. Employing patented technologies, Xenonics provides innovative solutions for customers who must see farther so they can do their jobs better and safer. Xenonics' products represent the next generation in small, high intensity, high efficiency illumination and low-light vision systems. Visit Xenonics on the web at www.xenonics.com.

Forward-Looking Statements

Except for the historical statements, statements in this release may constitute forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. When used, the words "anticipates," "believes," "expects," "intends," "future," and other similar expressions identify forward-looking statements. These forward-looking statements reflect management's current views with respect to future events and financial performance and are subject to risks and uncertainties, and actual results may differ materially from the outcomes contained in any forward-looking statement. Factors that could cause these forward-looking statements to differ from actual results include delays in development, marketing or sales of new products, and other risks and uncertainties discussed in the company's periodic reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission. Xenonics Holdings undertakes no obligation to update or revise any forward-looking statements.

Published at National Homeland Security Knowledgebase Newswire: Security and Defence News RSS Feed
http://nationalhomelandsecurityknowledgebase.com/Feeds/main.xml

Disclaimer: If you have any questions regarding information in these press releases please contact the company listed in the press release.National Homeland Security Knowledgebase Newswire disclaims any content contained in these releases.