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Article: Color Kinetics Reports Revenues for Third Quarter 2006.
- Article from:
- PR Newswire
- Article date:
- October 26, 2006
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Third quarter revenues rise 21% year over year to $17.1 million
BOSTON, Oct. 26 /PRNewswire-FirstCall/ -- Color Kinetics Incorporated , a leading innovator of LED lighting systems and technologies, today announced its results of operations for the third quarter of 2006. Revenues were $17.1 million, an increase of 21% from the $14.1 million reported in the third quarter of 2005. GAAP net income was $1.1 million or $0.05 per fully diluted share. Non-GAAP net income for the third quarter was $1.7 million or $0.08 per fully diluted share prior to non-cash charges of $607,000 associated with the FAS 123R accounting standard.
"We're very pleased to report ...