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Article: Metal Storm Result In Line With Expectations.
- Article from:
- PR Newswire
- Article date:
- September 12, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(All figures Australian dollars)
ARLINGTON, Va., Sept. 12 /PRNewswire-FirstCall/ -- Metal Storm Limited today announced a half year loss in line with management expectations.
The $5.9 million loss for the six months ended 30 June 2005 compared with a loss of $5.7 million in the previous corresponding period.
Metal Storm Chief Executive Officer and Managing Director, David Smith, said the company made good progress during the half year in its drive towards commercialization of its electronically initiated ballistics technology.
"Resources were applied to the scientific and engineering work required to transition the company's core ...