Luxell Q2 results...extractsThe Company's second quarter financial statements are posted at www.luxell.com :
Revenues for the six months ended February 28, 2006 increased 38% to $1,787,264 as compared to $1,291,761 for the same period in 2005.
Net loss for the three months ended February 28, 2006 was $1,609,215 or $0.04 per share (2005 - $1,931,236 / $0.05 per share) and $3,661,635 or $0.07 per share (2005 - $3,748,087 / $0.09 per share) for the six months ended February 28, 2006.
Regarding the outlook for the Company's black layer technology, Mr. MacDonald(Chairman) noted the Company is completing a full assessment of where the technology could be employed today and then acting to capitalize on the most practical commercial opportunities as soon as possible.
Peace,
Good Decision-making to All,
ElJ