Xenonics 2013 Loss Narrows

(RTTNews) - Xenonics Holdings, Inc. (XNNH.OB) (XNN), a manufacturer of portable illumination products and low light viewing systems, Thursday reported a narrower loss for the fiscal year 2013, aided by a rise in revenue and fall in expenses.

Xenonics's loss narrowed to $1.54 million, or $0.06 per share, from $2.19 million, or $0.09 per share, a year earlier. During the year, SG&A expenses declined to $1.65 million from $2.13 million last year. Also, research and development expenses fell by $377 thousand.

For the 12-month period, revenue rose to $2.38 million from $2.16 million a year ago.