Icron releases preliminary Fourth Quarter & Annual results
BURNABY, B.C., February 6, 2007 - Icron Technologies Corporation
(TSX Venture: IT), the developers of ExtremeUSB, today announced
unaudited preliminary fourth quarter revenues of approximately
$1.8 million, up 26.5% from $1.4M in the fourth quarter of
2005. Fiscal 2006 full year revenues totaled approximately
$6.3 million, up 39.5% from the $4.5M for the comparable period
of 2005. The Company saw increases in revenues from almost
all product lines but the significant growth came from sales
of the Company’s USB 2.0 and Rover product lines.
The Company expects a range of breakeven to slightly positive
earnings for the quarter. Operating expenses remained consistent
with the previous quarters reported in 2006. There were no
further restructuring charges in the fourth quarter.
The Company generated positive cash flow from operations
and finished the year with cash balances and marketable securities
of $ 4.4 million, which is up from $ 4.1 million at the end
of third quarter of 2006.
Icron will report its full audited 2006 financial and operating
results within 120 days from year-end, 2006. We will provide
additional information, including a more detailed quarterly
review and outlook, during our regularly scheduled conference
call at that time.
“We are extremely pleased with the results for the
final quarter and full year of 2006.” commented Robert
Eisses, President & CEO. ”With the addition of a
Wireless USB product commencing in Q2 of 2007, other product
cost reduction programs, and a general increase in the use
of USB devices, we are confident that the company is well
positioned for continued growth in 2007.”
About Icron Technologies Corporation www.icron.com
Icron Technologies Corporation's patented ExtremeUSB® technology
extends the range of USB in wired environments and enables
wireless USB over any RF technology. ExtremeUSB is the only
USB-IF compliant extension solution and is deployed globally
in a wide range of applications including: industrial automation,
medical device, aerospace, KVM and computer networking. ExtremeUSB
technology is available in a variety of formats including
technology licenses, OEM modules, developer kits, as well
as branded and private-label products.
Icron is a publicly traded corporation and trades under the
symbol "IT" on the TSX Venture Exchange. For more information
on the company and its products, please visit www.icron.com
Contact Information
FORWARD-LOOKING STATEMENTS: Except for statements of historical
fact, all statements in this news release -- including, without
limitation, statements regarding financial estimates and future
plans and objectives of Icron -- are forward-looking statements
that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate;
actual results and future events could differ materially from
those anticipated in such statements.
|
