LeCroy reported first quarter fiscal 2007 revenue of $37.0 million, for the year-earlier quarter, the company reported revenue of $41.1 million. LeCroy reported net income on a GAAP basis of $609,000. GAAP net income for the first quarter of fiscal 2007 includes the after-tax effects of $1.2 million in share-based compensation charges, and $163,000 for the amortization of intangibles acquired, an ongoing expense.