Lightscape Technologies Reports Quarterly Results

HONG KONG, August 18 / MARKET WIRE/ -- Lightscape Technologies Inc. (OTCBB: LTSC), an operator of outdoor LED billboards and provider of LED solutions, reported financial results on August 14 for the fiscal first quarter ending June 30, Total net revenue for the three months ended June 30, 2008 was $1.56 million, a 91% increase from the total net revenue of $0.81 million for the three months ended June 30, 2007. Operating expenses, consisting of selling and marketing expenses and general and administrative expenses, for the three months ended June 30, 2008 were $1.13 million, compared with $0.87 million for the three months ended June 30, 2007. Net loss for the three months ended June 30, 2008 was $0.99 million, or $0.02 per fully diluted share, compared to a net loss of $1.32 million, or $0.04 per fully diluted share, for... [read full story]