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Prospector
Profile
07.1145
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| Isonics Corporation |
NAICS |
334400 |
| 5906 McIntyre Street
Golden, CO 80403 |
Description |
Semiconductors Mfg. |
| (303) 279-7900 |
Employees |
477 |
| http://www.isonics.com/ |
Revenue |
(mil) |
27.7300 |
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Income |
(mil) |
-13.1700 |
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Assets |
(mil) |
18.9600 |
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Liability |
(mil) |
15.2900 |
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(for the year ended 2007-04-30) |
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Category:
Audit Concerns
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Event:
Hein & Associates LLP expressed substantial doubt about Isonics Corp.'s ability to continue as a going concern after auditing the company's consolidated financial statements for the years ended April 30, 2007, and 2006. The auditing firm said, "The Company has suffered recurring losses from operations and will continue to require funding from investors for working capital." The company posted a $13,165,000 net loss on $27,731,000 of total revenues for the year ended April 30, 2007, as compared with a $32,341,000 net loss on $18,580,000 of total revenues in the prior year. At April 30, 2007, the company's balance sheet showed $18,960,000 in total assets, $15,294,000 in total liabilities, $111,000 in minority interest and $3,555,000 in stockholders' equity.
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Intellectual Property:
The Company currently has six U.S. patents in its own name and has filed several other patent applications regarding silicon-28 and other isotopically purified materials. In 1999, the Company entered into an exclusive licensing agreement with Yale University for exclusive intellectual property rights to two patents covering semiconductor devices derived from isotopically engineered materials. [SEC Filing 10-K 07-30-07]
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Description:
The Company provides various security services and technologies. It operates in three segments: Life Sciences, Home and Security and Semiconductor Materials and Products.
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Officers:
Christopher Toffales (Chair); John Sakys (COO & Dir.); Kenneth Deane (Principal Financial Officer); Greg Meadows (Controller); Richard Parker (Dir.); Russell W. Weiss (Dir.); Richard H. Hagman (Dir.); C. Stewart Verdery, Jr. (Dir.)
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Auditor:
Hein & Associates LLP
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Securities:
Common Stock Symbol ISON; NasdaqCM;
12,658,150 common shares outstanding as of July 20, 2007.
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