ICx Technologies, Inc. (ICXT) Reports Fourth-Quarter Results
By Benzinga Staff
March 18, 2010 5:07 PM
March 18, 2010 5:07 PM
ICx Technologies, Inc. (NASDAQ: ICXT), which develops and integrates advanced sensor technologies for homeland security, force protection and commercial applications, reported its fourth-quarter results on Thursday. The company saw its losses widen in the fourth-quarter.
ICx Technologies reported a loss of $2.1 million, or $0.06 per share, compared with a loss of $2 million, or $0.06 per share last year. Revenue declined 8.5% to $48.2 million. Analysts had forecast the company to report a loss of $0.03 on revenue of $46.4 million. The company saw a 510 basis points improvement in its gross margins.
ICx Technologies also provided guidance for 2010. The company expects EPS of $0.06-$0.25 on revenue of $212-$226 million in 2010.
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