LanOptics Reports Q3
For the three months ended September 30, 2006, LanOptics reported revenues of US$ 2,074,000 versus US$ 687,000 in the third quarter of 2005. All of the revenues were attributable to LanOptics' subsidiary, EZchip Technologies. LanOptics incurred an operating loss of US$ 1,991,000, versus an operating loss of US$ 2,404,000 in the third quarter of 2005. The majority of the expenses that resulted in the operating loss were attributable to EZchip's research and development efforts on future products. The balance of the expenses were related primarily to EZchip's sales and marketing activities. Net loss for the third quarter was US$ 2,136,000, including stock based compensation expenses in the amount of US$ 171,000 which are being reported as of January 1st 2006 pursuant to SFAS 123R, a loss of US$ 0.18 per share, compared to a net loss of US$ 2,514,000 or US$ 0.22 per share for the same period last year.
LanOptics Ltd. (Nasdaq: EZCH)