Revenue for the three months ended March 31, 2006 of $1.6 million increased 138% from $690,000 at March 31, 2005.
Net loss and loss per share applicable to common stock for the three months ended March 31, 2006 was $5.2 million or $0.05 per share and included $792,000 of non-cash expense associated with the expensing of stock options. This compares to a net loss of $3.5 million or $0.04 per share during the three ended March 31, 2005. Options were not expensed prior to 2006.
Balance sheet showed $4.7 million in working capital at March 31, 2006 and total assets of $9.2 million.
First Quarter Highlights: Major recognition for Z800 3DVisor, Previewed Eyebud(tm) Personal Display, Extended sales channels, Announced additional design wins, Announced New SDK to expand 3DGaming, Won key patent, Announced new breakthrough OLED-XL Displays.
