"We are very pleased with our strong third quarter performance, which reflects a broad and growing base of customers worldwide," said Bill Sims, president and CEO. "Once again we achieved record revenues across both business units, driven in part by market adoption of new RGB systems, increased traction for the IntelliWhite series, and escalating licensing activity."
He continued, "As LED technology progresses, fuelling adoption in both new and existing markets, we believe that Color Kinetics is well-equipped to advance the intelligent solid-state lighting industry - both for the replacement of conventional sources, and for the completely new uses of light that our technology makes possible."
For the fourth quarter of 2005, the company currently targets revenues in the range of $14.0 million to $15.0 million with earnings of $0.05 to $0.07 per diluted share.
(Jim Evans)
