* V-One, a Germantown network security company, lost $717,736 (6 cents a share) on $519,012 in revenue during the second quarter, compared with a loss of $26,235 (1 cent) on $1.2 million in revenue during the same period last year. During the six months ended June 30, the company lost $1.7 million (14 cents) on $1.2 million in revenue, compared with a loss of $378,833 (5 cents) on $2.2 million in revenue during the same period last year. The company attributed its losses to delays in large government contracting programs. In May the company announced that SteelCloud had agreed to acquire V-One. The two companies revised the terms of the merger yesterday, agreeing to an all-stock transaction that guarantees V-One shareholders one SteelCloud common share plus one SteelCloud warrant for every 21 shares of V-One common stock. Under the initial terms of the May 19 letter of intent, common shareholders would have received one share of SteelCloud common stock in exchange for 8.5 shares of V-One common stock. The renegotiation takes into consideration V-One's recent losses and possible additional delays in V-One's government programs.
* Anteon International acquired all the outstanding stock of Integrated Management Services for $29 million in cash and expects the transaction to immediately add to earnings. Under the agreement, Anteon will make up to $2 million of additional payments upon completion of certain goals. Integrated Management focuses on service offerings in information-security and assurance, infrastructure security and enterprise information technology architecture. The majority of its revenue comes from the Department of State, the Office of the Secretary of Defense, the Department of Homeland Security and the Department of Justice.
* Halifax, an Alexandria technology maintenance company, earned $91,000 (3 cents) on $13.4 million in revenue during its fiscal first quarter ended June 30, up from a profit of $51,000 (2 cents) on $10.7 million in revenue during the same quarter last year. Shares of Halifax closed unchanged at $4.18.
* Isomet, a Springfield company that makes systems that control laser beams, lost $206,000 (10 cents) on $785,000 in revenue during the second quarter, compared with a loss of $137,000 (7 cents) on $789,000 in revenue during the same period a year ago. For the six months ended June 30, the company lost $388,000 (20 cents) on $1.9 million in revenue, compared with a loss of $232,000 (12 cents) on $1.8 million during the same period last year. Shares of Isomet closed at $1.50, up 40 cents, or 36 percent.
Compiled from reports by Washington Post staff writers and Dow Jones News Service.