$Rig's Platinum Penny Alerts

[sweetpepperjam]

XNNH - .59 X .60 - Has been slowly trending up for months..

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58735922&txt2find=xnnh

Shares Outstanding = 24,975,929 as of Dec 10, 2010.

Xenonics Reports First Quarter Net Income of $742,000 on Revenue of $3,548,000

CARLSBAD, Calif., Feb 09, 2011 (BUSINESS WIRE) -- XENONICS HOLDINGS, INC. (OTCBB & OTCQB:XNNH) today announced net income for the first quarter of fiscal 2011 ended December 31, 2010 of $742,000, or $0.03 per basic and diluted share, on revenue of $3,548,000. This compares to a net loss for the first quarter of fiscal 2010 of $405,000, or $0.02 per basic and diluted share, on revenue of $1,255,000.
"Based on orders in hand and current shipment schedules, we expect to report a profit again in the second quarter, and we are optimistic about the outlook for growth and profitability for the second half of the year as well," said Chairman Alan Magerman.

"Order flow in our military business continues to improve, as the years of hard work we have devoted to establishing our NightHunter illumination products in the defense market now are beginning to deliver the results we anticipated. To achieve the long term growth we are striving for, we also are building demand for our NightHunters and SuperVision night vision systems in the public safety and national security markets, as well as among international customers, and believe we have the opportunity to be successful. With more than $2 million in cash on hand, we have the resources we need to implement our business plan," Magerman said.

Selling, general and administrative expenses decreased 18% to $651,000 compared to $794,000 last year. "Our tight control over operating costs will continue. We expect SG&A to remain at or below this year's first quarter pace for the balance of the year," Magerman said.

At December 31, 2010, Xenonics reported working capital of $3,759,000, including cash of $2,139,000, and a current ratio of 5.6 to 1.