IPIX Sees Higher Revenues in Wake of Terror Attacks

While revenues climb, operating expenses also mount at 360-degree surveillance company


IPIX Corporation, which manufactures camera technology to provide a 360-degree view, is seeing added sales in the wake of recent terror attacks, says CEO Clara Conti.

The company reported increased revenues for its quarter that ended on June 30, with revenues for the quarter at $1,432,803, up from $1,012,575 in the same quarter 2004. For the previous six-month period, revenues went from $1,488,810 (2004) to $2,101,032 (2005).

However, operating expenses still overshadowed the company, with loss from continuing operations at $5,988,822 for the quarter, resulting in a share value loss of $.27 per common share, basic and diluted.

The company reported that its losses were somewhat attributed to research and development of integrating the IPIX IP, 360-degree technology into DVRs in the security marketplace. IPIX also attributed the operating expenses to its creation of a direct sales force and a dealer/indirect channel sales force, and the company's increased presence at tradeshows and through marketing activities.