Luxell Technologies Inc. today announced that revenues for the second quarter of fiscal 2005, ending February 28, 2005, were $416,553, as compared to $444,489 for the same period in the prior fiscal year. The net loss for the second quarter was $1,931,236 or $0.05 per share compared to a net loss of $1,915,149 or $0.05 per share for the second quarter of 2004.
Commenting on the results, John Wright, CEO and President, said, While I am disappointed that our performance over the first 6 months of the year is only a modest advance over 2004, we enter the year's second half in far better shape than a year ago. Our backlog is strengthening continually and is now in excess of $5M, with realistic expectation of further significant gains in the remainder of the year. If we are able to sustain this performance, then I am confident that we can secure our 2005 business goals, as stated at our AGM.
