Silex Systems Ltd. reported earnings results for the half year ended December 31, 2012. For the period, the company reported revenue from continuing operations of $4.7 million which was in line with expectations. Other income of $5 million was received during the period comprising primarily of R&D tax incentive receipts of $3.3 million and Solar Systems' government grant income of $1.7 million. The net loss for the period was $8.4 million, a reduction of 49.3% compared to the corresponding prior period. The reduction in net loss was largely due to the cessation of the Silex Solar operation as detailed in previous releases. The result for Solar Systems was a loss of $4.2 million compared to a loss of $5.5 million for the prior period. The reduction in the loss was achieved despite increasing expenditure in the capital works programs underway for the construction of the abovementioned solar demonstration facilities. This increase in expenditure was offset by $2.8 million in R&D tax incentives and $1.7 million in Government grant funding. Translucent's result was a loss of $2.5 million which is comparable to the prior period loss. Significant progress has been achieved by Translucent to improve the material quality and performance of its power electronics and CPV solar cell substrate product lines. Net cash outflows from operating activities were $10.2 million, an increase of 4.7% compared to the corresponding prior period. The marginal increase in operating cash outflows is largely due to the increase in expenditure for product development and commercialization activities at Solar Systems countered by the consequence of the positive effect of discontinuation of Silex Solar's operations. The company provided operating guidance for the year 2013. The company expects further efficiencies in operations to be realized through the remainder of fiscal year 2013.

Silex Systems Ltd. announced that they will report first half, 2013 results on Feb 22, 2013

Silex Systems Ltd. reported consolidated earnings results for the year ended June 30, 2012. For the year, the company reported loss before tax of AUD 17,982,777, net loss of AUD 36,970,624 and net loss attributable to shareholders of AUD 36,792,005 or 21.6 cents per basic and diluted share on revenue of AUD 9,438,691 against loss before tax of AUD 12,731,789, net loss of AUD 31,481,766 and net loss attributable to shareholders of AUD 31,301,061 or 19.6 cents per basic and diluted share on revenue of AUD 9,924,566 reported for the same period a year ago. Net loss from continuing operations was AUD 17,982,777 or 10.5 cents per basic and diluted share against AUD 12,731,789 or 7.8 cents per basic and diluted share reported a year ago. Net cash outflows in operating activities were AUD 16,156,414 against AUD 28,730,272 a year ago. Payments for property, plant and equipment was AUD 6,100,818 against AUD 7,525,386 reported a year ago. Payments for intangibles were AUD 126,375 against AUD 107,979 reported a year ago.