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American Bank Note Holographics Inc (1052489) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2007

American Bank Note Holographics Inc

CIK: 1052489

Exhibit 99.1

LOGO

COMPANY CONTACTS:

Kenneth H. Traub

President and Chief Executive Officer

Tel. (609) 632-0800

KTRAUB@ABNH.COM

Mark J. Bonney

Executive Vice President and Chief Financial Officer

Tel. (609) 632-0800

MBONNEY@ABNH.COM

AMERICAN BANK NOTE HOLOGRAPHICS REPORTS

FOURTH QUARTER AND FULL YEAR 2006 FINANCIAL RESULTS

Robbinsville, NJ – March 30, 2007 – American Bank Note Holographics, Inc. (“ABNH” or the “Company”) (OTC Bulletin Board: ABHH) a world leader in the origination, production and marketing of holograms for security applications, today announced financial results for the fourth quarter and year ended December 31, 2006.

Sales in the fourth quarter of 2006 were $7.6 million compared with $10.1 million in the fourth quarter of 2005, a decrease of $2.5 million or 25%. The decrease in sales was primarily due to the previously reported cessation of the Visa HoloMag™ program. Sales for the full year of 2006 totaled $32.5 million compared to $32.3 million in 2005, an increase of $0.2 million or 1%.

Net income for the fourth quarter of 2006 was $0.9 million, or $0.04 per fully diluted share versus a net loss of ($2.8) million, or ($0.15) per fully diluted share, for the fourth quarter of 2005. Net income for the full year of 2006 was $3.6 million, or $0.18 per fully diluted share versus a net loss ($0.6) million, or ($0.03) per fully diluted share, for the full year of 2005. Fourth quarter and full year net income for 2006 includes stock based compensation costs of $0.1 million and $0.6 million, respectively. These costs were not included in the prior year results as we adopted Financial Accounting Standards Board No. 123 (R), “Share Based Payments”, as of January 1, 2006 using the modified prospective method. We also adopted Financial Accounting Standards No. 151, “Inventory Costs”, and recorded approximately $0.8 million of overhead


The following information was filed by American Bank Note Holographics Inc on Tuesday, April 3, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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American Bank Note Holographics Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2007 10-K Annual Report includes:

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  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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SEC Filing Tools
CIK: 1052489
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-07-115879
Submitted to the SEC: Tue May 15 2007 5:23:03 PM EST
Accepted by the SEC: Tue May 15 2007
Period: Saturday, March 31, 2007
Industry: Business Services

External Resources:
SEC.gov

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