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LanOptics Announces 2004 Second Quarter Results.

Publication: Business Wire
Publication Date: 29-JUL-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
YOKNEAM, Israel -- LanOptics Ltd. (NASDAQ: LNOP), a provider of network processors, today announced results for the second quarter ended June 30, 2004.

For the three months ended June 30, 2004, LanOptics reported revenues of US$ 1,008,000 versus US$ 423,000 in the second quarter of 2003. All of these revenues were attributable to LanOptics' subsidiary, EZchip Technologies. Operating loss amounted to US$ 1,969,000, versus US$ 2,865,000 in the second quarter of 2003. The majority of the expenses that resulted in the operating loss were attributable to EZchip's research and development efforts on future products, and the balance of the expenses related primarily to EZchip's sales and marketing activities. Net loss for the second quarter was US$ 2,173,000, a loss of US$ 0.23 per share, compared to net loss of US$ 3,023,000, or US$ 0.36 per share, for the same period last year.

For the six months ended June 30, 2004, LanOptics reported revenues of US$ 1,622,000, compared with US$ 729,000 for the same period last year. All of these revenues were attributable to...

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