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Homeland Security

Earnings News and Notes

DDN

Wednesday, May 14th, 2008

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L-1 Identity Solutions [ID] 1Q08 1Q07 Sales $116M $70M Net Inc. ($1.9M, 0.03) ($8.8M, 0.12) Losses narrowed on higher sales and improved gross margins. Organic revenue growth was 20 percent, driven by gains in its passport, credentialing, intelligence and enrollment services and solutions. Sales of biometric solutions were flat although L-1 expects growth here to accelerate throughout the year and achieve over 20 percent growth. However, Stanford Group analyst Jeremy Grant says the weak biometric performance may be a sign…

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