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Homeland Security

Earnings Notes And News

DDN

Wednesday, March 19th, 2008

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RAE Systems [RAE] 4Q07 4Q06 FY07 FY06 Sales $27.5M $20.9M $90.8M $67.7M Net Inc. ($7.5M, $0.13) ($1M, $0.02) ($14.7M, $0.25) ($1.5M, $0.03) Losses widened primarily due to a $7.3M non-cash charge on a valuation allowance against deferred tax assets related to operations in the U.S. However, sales were lower than expected and operating costs higher than the company wants, which further drove down earnings. Part of the reason for higher than expected operating costs are difficulties associated with transitioning the…

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