- 23 February 2004 -

Nanometrics 2004 results

Nanometrics Inc results for the 4Q ended on January 1, 2005 produced total revenues of $20.6m a 2% increasecompared to 3Q 2004 and an increase of 66% compared to the Q4 of 2003.

The increase in 4Q sales resulted from stronger demand for process control metrology equipment primarily in the U.S. and Pacific Rim countries. Net income in the quarter was $2.4m 18c/dil. share compared to a net loss of $804,000 or a loss 7c/ dil share for the same period last year.

For the year ended January 1, 2005, Nanometrics’ revenues increased 70% to $70.7m a company record , compared to revenues of $41.6m in 2003. Net income for the year ended January 1, 2005 was $5m or 38c/dil. share, compared to a net loss of $17.5m a loss of $1.45/dil. share in 2003. That loss includes a $6m charge to record a valuation allowance against deferred income tax assets.