Two homeland security companies report mixed 3Q results

Global ePointCity of Industry, California-based Global ePoint (NASDAQ: GEPT), a developer of security solutions for the aviation, homeland security, and law enforcement markets, reported revenue of $9.5 million, an increase of 90 percent over the $5.0 million recorded in the same period of 2004. Note that the company currently has a backlog of contracts and orders exceeding $16 million, mostly in high-margin proprietary products and services from its Aviation division. These figures mean a net loss of $(1.9) million in the third quarter of 2005, compared to a net loss of $(1.2) million for the 2004 third quarter. Global ePoint had a net loss applicable to common stockholders of $(2.5) million or $(0.19) per share, compared to $(1.9) million or $(0.17) per share for the same period in 2004. For the nine months ending 30 September 2005, the company had revenue of $20.1 million, compared to $14.0 million in the first nine months of fiscal 2004.-read more in company SEC filing GVI Security SolutionsCarrollton, Texas-based GVI Security Solutions (OTCBB: GVIS), which provides integrated homeland security enterprise solutions, did not have very good results in the third quarter ending 30 September 2005. Revenue for the three months ending 30 September 2005 was approximately $10.6 million, compared to revenues of approximately $15.9 million in the three months ending 30 September 2004, a decrease of 33 percent. The net loss for the three months ending 30 September 2005 was $2.6 million, or $(0.05) per share, compared to a net loss of $1.1 million, or $(0.04) per share, in the three months ending 30 September 2004. Revenue for the nine month period ending 30 September 2005 was approximately $45.0 million, compared to revenues of approximately $45.9 million in the nine months ending 30 September 2004, a decrease of 2 percent. The net loss for the nine months ending 30 September 2005 was approximately $5.9 million, or $(0.12) per share, compared to a net loss of $2.7 million, or $(0.09) per share, in the nine months ending 30 September 2004.-read more in this GVI news release