May 28th

Cogent Systems Announces First Quarter Results

Cogent Systems (Nasdaq: COGT) today announced financial results for the first quarter ended March 31, 2008.

First quarter 2008 revenues were $24.6 million, compared to revenue of $30.1 million in the same year ago period. Net income on a GAAP basis for the first quarter of 2008 was $14.4 million, or $0.16 per diluted share. This compares to GAAP net income of $6.2 million, or $0.06 per diluted share in the same year ago period. Read more: Cogent Systems ( COGT )

May 28th

Daktronics, Inc. Announces Fourth Quarter and Fiscal 2008 Results

Daktronics, Inc. (Nasdaq: DAKT) today reported fiscal 2008 fourth quarter net sales of $129.1 million and net income of $5.7 million, or $0.14 per diluted share, compared to net sales of $110.8 million and net income of $3.5 million, or $0.09 per diluted share, for the fourth quarter of fiscal 2007. Backlog at the end of the 2008 fourth quarter was approximately $175 million, compared with a backlog of approximately $127 million a year earlier, and $138 million at the end of the third quarter of fiscal 2008.

Net sales for the fiscal year ended April 26, 2008 totaled $499.7 million, up over 15 percent from sales of $433.2 million in 2007. Net income for fiscal 2008 was $26.2 million, a 7 percent increase from net income of $24.4 million in 2007. Earnings per diluted share, for the year ended April 26, 2008, were $0.63, as compared to $0.59 per diluted share for fiscal 2007. Read more: Daktronics Inc ( DAKT )

May 28th

X-Rite Reports Strong Gains in Its Liquidity Position

-X-Rite, Incorporated (NASDAQ:XRIT) today provided an update on the Company’s financial position and negotiations with first and second lien lenders.

The Company reported that it has increased its cash and cash equivalents to $25 million versus $18 million at the end of the first quarter 2008. This represents an increase of $7 million, or 39% during the period. Concurrently, X-Rite continues to pay its vendors in the ordinary course and will be able to pay approximately $9 million of interest payments that come due through the end of June. Read more: X-Rite Incorporated ( XRIT )

London, UK and Helsinki, Finland – May 28, 2008: Creandum, a leading early-stage technology investor in the Nordic region, invests EUR 3.5 million into the social advertising intelligence innovator firm Xtract together with existing investor Eqvitec.

Xtract answers a real need in the advertising industry which is making the advertising in social media and mobile effective. By using Xtract, customers have seen the average ad income increase with as much as 82% and in mobile campaigns response rates have increased with 30%. Read more: Creandum Leads EUR 3.5 Million Financing in Xtract