LaserCard Corporation announced that is has shipped its one millionth automated manifest system (AMS) card, used for securely identifying contents of U.S. Department of Defense (DOD) shipping containers. The U.S. Defense Logistics Agency (DLA) renewed the AMS contract for three years through prime contractor General Dynamics Information Technology, a business unit of General Dynamics. The DLA has utilized LaserCard's AMS cards and readers since the early 1990s, when the DOD introduced a new system to increase in-transit visibility, expedite receipt processing, prioritize container processing facilitate discrepancy reporting, and provide a portable permanent record of transactions. The system succeeded in resolving all in-transit identification problems while improving the processing, reporting and cost-effectiveness of the Army's global cargo identification procedures.

LaserCard Corporation announced unaudited consolidated financial results for the second quarter and six months ended September 30, 2009. For the quarter, revenues were $15.7 million, compared with $16.3 million in the prior quarter and $13.5 million in the same quarter a year ago. Net income was $1.8 million, or $0.15 per diluted share, compared with net income of $1.9 million, or $0.16 per diluted share, in the prior quarter and net income of $0.2 million, or $0.02 per diluted share, in the same quarter a year ago. The company reported an operating income of $2.2 million and income before income tax of $2.7 million compared to the operating income of $150,000 and income before income tax of $229,000 for the same period a year ago. LaserCard(R) optical memory card revenues for the quarter were $11.9 million compared with $8.6 million in the second quarter of fiscal 2009. Revenues from specialty cards and printers totaled $3.7 million compared with $3.9 million from the same quarter a year ago. Drives, systems and services segment revenue for the quarter was $0.1 million, compared with $0.9 million in the second quarter of the prior year. The non-GAAP net income was $1.9 million, or $0.15 per diluted share, compared to non-GAAP net income of $2.2 million, or $0.18 per diluted share, in the prior quarter, and a non-GAAP net income of approximately $0.8 million, or $0.07 per diluted share, in the same quarter a year ago. For the six months, the company reported operating income of $4.4 million, income before income taxes of $5.1 million, net income of $3.8 million or $0.31 per diluted share on the revenue of $32.0 million compared to the operating loss of $1.1 million, loss before income taxes of $1.0 million, net loss of $1.0 million or $0.09 per diluted share on the revenue of $24.2 million for the same period a year ago. Net cash provided by operating activities was $10.7 million against $5.9 million for the same period a year ago. The company spent $605,000 on purchases of property and equipment, $13,000 on acquisition of patents and other intangibles compared to $891,000 on purchases of property and equipment, $113,000 on acquisition of patents and other intangibles for the same period a year ago. Non-GAAP net income was $4.1 million or $0.33 per diluted share against $19,000 or $0.00 for the same period a year ago.

LaserCard Corporation expected to Report Q3 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).