Administrative & Professional
Jorgensen Brooks Group
Counselor Sales and Marketing
Everready Glass
Sales Reps Health Care
CENTRAL ARIZONA COLLEGE
DIRECTOR OF HEALTH INFORMATION MANAGEMENT Finance and Accounting
Charles E. Gillman Company
Accounting Specialist Health Care
Dependable Health Services
Physical Therapists Health Care
Sierra Tucson
Eating Disorders Program Coordinator Construction
West-Press
Printing

Tucson-based Applied Energetics Inc., a developer of directed-energy systems and related technologies, said Wednesday that it narrowed its fourth-quarter and annual losses as it wrapped up testing of its technology to defeat improvised explosive devices.

The company, which last month changed its name from Ionatron Inc., reported a fourth-quarter net loss of $4.2 million, or 5 cents per share, compared with a loss of $6.2 million, or 8 cents per share, in the same period last year.

Quarterly revenues were $3.6 million, up from about $1.4 million in the fourth quarter of 2006.

For all of 2007, Applied Energetics posted a net loss of $14.8 million, or 19 cents per share, compared with a net loss of $18.7 million, or 25 cents per share, in 2006. Annual revenues rose to $12.4 million from about $10 million in 2006.

The company attributed the increased revenues to the completion of government contracts related to its core laser-guided energy technology.

Among the quarter's highlights, Applied Energetics said it completed a government test of its latest product to counter improvised explosive devices for the U.S. Marine Corps, as well as a test for the Pentagon's Joint IED Defeat Organization.

Dana Marshall, Applied Energetics' chairman and CEO, said the company expects continued efforts to advance the anti-IED program will lead to an initial deployment of the system.

The company's shares closed Wednesday at $2.33, up 15 cents, in trading on the Nasdaq Stock Market.