CHATSWORTH, Calif.--(BUSINESS WIRE)--IRIS INTERNATIONAL, INC. (NASDAQ GM: IRIS) today announced record revenue of $21.0 million for the second quarter ended June 30, 2007, a 26% increase over revenue of $16.6 million in the second quarter of 2006, resulting from a 42% increase in instrument revenue and a 22% increase in consumable revenues over the second quarter of 2006. Net income for the three months ended June 30, 2007, was $1.8 million, or $0.10 per diluted share, including the effect of $0.3 million, or $0.01 per share, of FAS 123R expense. This compares with a net loss of $4.5 million, or $0.25 per diluted share after the effect of $0.3 million, or $0.01 per share of FAS 123R expense, $5.2 million of purchased in-process research and development related to the acquisition of Leucadia Technologies, Inc. and approximately $500,000 charge relating to the transition to a new CFO, for the same period of 2006. Diluted average shares outstanding for the three months ended June 30, 2007, increased 5% to 18.8 million from 17.9 million, a year ago.
