Extract
Ampex Corporation Reports Q1 2006 Financial Results.
REDWOOD CITY, Calif. -- Ampex Corporation (Nasdaq:AMPX) today reported a net loss of $1.9 million ($0.49 loss per diluted share) on revenues of $8.1 million in the first quarter of 2006 compared to net income of $5.9 million ($1.52 per diluted share) on revenues of $17.9 million in the first quarter of 2005. Results in 2006 were adversely affected by the absence of any one-time licensing settlements, as well as an increase in external litigation costs incurred in connection with the lawsuit against Eastman Kodak Company for infringement of one of our p...
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