CHATSWORTH, Calif.--(BUSINESS WIRE)--IRIS INTERNATIONAL, INC. (NASDAQ GM: IRIS) today announced record revenue of $20.1 million for the first quarter ended March 31, 2007, a 25% increase over revenue of $16.1 million in the first quarter of 2006. Net income for the three months ended March 31, 2007, was $1.5 million, or $0.08 per diluted share, after the effect of $0.2 million, or $0.01 per share, of SFAS 123R expense and a tax rate of 41% versus 37% in the first quarter of 2006. This compares with net income of $1.7 million, or $0.09 per diluted share after the effect of $0.2 million, or $0.01 per share, of FAS 123R expense, for the same period of 2006. Diluted average shares outstanding for the three months ended March 31, 2007, increased to 18.6 million from 18.3 million, a year ago.
