2 million reported in 2004. Net income for the
full year was $4.colorkinetics.07 $ 0. As a result, the
bee and human communities get involved in ways they never had before, each one
of them pointing a finger at the other.

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Color Kinetics Reports Record Revenues and Earnings for Fourth Quarter and Full Year 2005

"We are extremely pleased with both our fourth quarter and full-year
performance, which reflect strong contributions from each of our business
units and demonstrate solid returns on our strategic investments," said Bill
Sims, President and CEO.

About Color Kinetics
Color Kinetics Incorporated (Nasdaq: CLRK) transforms environments through
new, dynamic uses of light.

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"We will continue to support our product portfolio,
proprietary technologies and global sales network with further investments in
2006, and believe that these investments, together with our breadth of
expertise, will position Color Kinetics as a market leader in intelligent
solid-state lighting in the years ahead. patents and 2 new regional European patents

For the first quarter of 2006, the company currently targets revenues
within the range of $14. More information is available at http://www. For a discussion of such risks and uncertainties,
see "Risk Factors" in the Company's Annual Report on Form 10-K for the Twelve
Months Ended December 31, 2004, File Number 000-50798, and most recent 10-Q,
each as filed with the Securities and Exchange Commission. Benson, a graduate bee fresh
out of college, who is disillusioned with the prospect of having only one
career choice -- honey.

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The
company will be required to adopt the new stock compensation accounting
standard, FAS 123R, in the first quarter .
Color Kinetics also enables widespread adoption of intelligent solid-state
lighting through OEM and licensing partnerships in diverse markets.
Joining Seinfeld and Zellweger in the cast of "Bee Movie" are (in
alphabetical order): Academy Award(R) nominee Alan Arkin ("The Heart is a
Lonely Hunter," TV's "The Pentagon Papers"), Academy Award(R) winner Kathy
Bates ("Misery," "About Schmidt "), Academy Award(R) winner Robert Duvall
("Tender Mercies," "Secondhand Lions"), Eric Idle (the "Monty Python" movies
and series, "Spamalot" on Broadway) Larry King ("Shrek 2," "The Larry King
Show "), Academy Award nominee William H.

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22 per fully diluted share, compared to $2.22
Diluted $ 0.

DreamWorks Animation SKG (NYSE: DWA) is principally devoted to developing
and producing computer-generated, or CG-animated, feature films.

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5 million,
Full -year revenues increase 32% to $52.07 per fully
diluted share, compared to $626,000 or $0.6 million to $15.07 $ 0.com

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com/cgi-bin/prnh/20050428/LATH109)
"Bee Movie" is the comedic tale of Barry B. Barry gets caught up in the middle
and finds himself with some very unusual problems to solve. Also in discussions to join the cast is Matthew Broderick
("Election," upcoming "The Producers: The Movie").
"Bee Movie" is being directed by Steve Hickner ("The Prince of Egypt"),
and Simon J.
Collaborating with Seinfeld on the script are writers Barry Marder, Spike
Feresten and Andy Robin.

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Fourth quarter revenues rise 35% year over year to $14.
Net income for the fourth quarter rose to $1.4 million or $0. Although the impact of FAS 123R has
not yet been finalized, net income reflecting FAS 123R stock compensation is
expected to be between $0.
Color Kinetics will host a conference call to review its fourth quarter
and full-year results after the close of market today .net/phoenix.

wolfman wiest

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14 per fully diluted share in 2004.6 million, with net income of $0.05 per fully diluted share prior to any stock compensation charges.02 per fully diluted share.corporate-ir. All
other trademarks mentioned are the property of their respective owners.

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03 $ 0. On a chance opportunity to go outside the hive,
Barry's life is saved by a woman, Vanessa, a florist in New York City. Macy ("Fargo," "Seabiscuit"), Tim
Blake Nelson ("Meet the Fockers," "O Brother, Where Art Thou?"), Academy
Award(R) nominee Uma Thurman ("Pulp Fiction," "Kill Bill, Vol.

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00 and $0.001 par value 18 18
Additional paid-in capital 99,210 97,059
Accumulated other comprehensive income (120) (122)
Accumulated deficit (29,606) (33,938)
Total stockholders' equity 69,502 63,017
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $76,739 $70,207

COLOR KINETICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data )

Three Months Ended Twelve Months Ended
December 31, December 31,
2005 2004 2005 2004
(Unaudited) (Unaudited)
REVENUES (1):
Lighting systems $12,484 $9,668 $44,156 $34,435
OEM and licensing 1,995 1,045 8,751 5,715
Total revenues 14,479 10,713 52,907 40,150

COST OF REVENUES:
Lighting systems 5,860 4,739 21,006 16,777
OEM and licensing 791 532 3,894 3,075
Total cost of revenues 6,651 5,271 24,900 19,852

GROSS PROFIT 7,828 5,442 28,007 20,298
OPERATING EXPENSES:
Selling and marketing 3,262 2,338 11,519 8,514
Research and
development 1,238 1,021 4,607 3,512
General and
administrative (2) 2,557 1,830 9,396 6,741
Total operating
expenses 7,057 5,189 25,522 18,767

INCOME FROM OPERATIONS 771 253 2,485 1,531
INTEREST INCOME 477 260 1,624 518
EQUITY IN EARNINGS OF
JOINT VENTURE 113 113 223 334
NET INCOME $1,361 $626 $4,332 $2,383

EARNINGS PER SHARE:
Basic $ 0.

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5 million, an
increase of 35% from the $10.9 million, an
increase of 32% from the $40."

Additional 2005 achievements included:
* 15 new product offerings shipped, spanning both intelligent color and
intelligent white light innovations
* News-making installations such as Hollywood Bowl, the FAO Schwarz
flagship store, Time Warner Center, the Lake of Dreams at Wynn Las
Vegas, and the sets of The Tonight Show and The Oprah Winfrey Show
* Global sales force expansion
* Record licensing revenues
* The awarding of 9 new U.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding Color Kinetics
Incorporated's business that are not historical facts are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. GLENDALE, Calif.

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03 per fully diluted share for the
fourth quarter of 2004. With
world-class creative talent, a strong and experienced management team and
advanced CG filmmaking technology and techniques, DreamWorks Animation makes
high quality CG-animated films meant for a broad movie-going audience.

wayans wanamaker

Revenues for the full year ended December 31, 2005 were $52., DreamWorks Animation has
assembled an exciting roster of voice talent for its upcoming
computer-animated comedy, "Bee Movie.

carnie winstone

4
million or $0.03
to $0.

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The webcast will be archived and
available for one year via the Investor Relations section of Color Kinetics'
website. The
company is headquartered in Boston, MA with offices in the UK , China, and
Japan. The producer is Christina Steinberg ("National Treasure," "The Kid").

This category is for celebrities from the various arts genres whose last name begins with the letter W.

Celebrities are defined as famous people having at least one fan site.

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9 million

BOSTON, Color Kinetics Incorporated
(Nasdaq: CLRK), a leading innovator of intelligent solid-state lighting
systems and technologies, today announced its results of operations for the
fourth quarter of 2005.7 million reported in the fourth quarter of 2004.
Color Kinetics and the Color Kinetics logo are registered trademarks and
IntelliWhite and Powercore are trademarks of Color Kinetics Incorporated.22 $ 0.
(Photo: http://www. I + II"),
Patrick Warburton ("Men in Black 1 + 2," TV's "Seinfeld ") and Academy Award(R)
nominee and industry icon Oprah Winfrey ("The Color Purple," "The Oprah
Winfrey Show").

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zhtml?c=178448+p=irol-irhome

A dial-in replay of the conference call will be available from 7:00 pm ET
on February 9 through February 16 at 888-286-8010 (domestic), 617-801-6888
(international ), passcode: 71607693.
Armed with this information, Barry realizes his true calling in life and
decides to sue the human race for stealing the bees' honey.

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The conference call may
be accessed by dial-in number or via the Internet as follows:

Thursday, February 9 at 5:00 pm ET
Domestic dial-in number: 866-277-1184
International dial-in number: 617-597-5360
Passcode: 78700325
Webcast: http://phx.03 $ 0.

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Revenues for the quarter were $14.

COLOR KINETICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)

December 31,
2005 2004
ASSETS

CURRENT ASSETS:
Cash and equivalents $43,032 $26,198
Investments 14,137 29,022
Restricted cash 100 100
Accounts receivable, net of allowance for
doubtful accounts of approximately
$461 and $429 in 2005 an 2004, respectively 7,813 5,346
Accounts receivable from related parties 249 31
Inventory 7,159 4,730
Prepaid expenses and other current assets 1,436 2,076
Total current assets 73,926 67,503

PROPERTY AND EQUIPMENT-at cost:
Computer equipment 1,368 1,768
Furniture and fixtures 904 800
Tooling and test equipment 985 1,182
Leasehold improvements 1,191 1,040
Total 4,448 4,790
Less-accumulated depreciation and amortization (3,422) (3,643)
PROPERTY AND EQUIPMENT-net 1,026 1,147
INVESTMENT IN JOINT VENTURE 887 557
RESTRICTED CASH-Long-term portion 900 1,000
TOTAL ASSETS $76,739 $70,207

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
Accounts payable $1,019 $1,564
Accounts payable to related parties 63 48
Accrued expenses 2,266 1,575
Accrued compensation 2,154 1,731
Accrued restructuring 385 405
Accrued warranty 876 860
Deferred revenue 231 379
Total current liabilities 6,994 6,562
ACCRUED RESTRUCTURING 243 628
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock, $0." Jerry Seinfeld co-wrote and is
producing and starring in the movie opposite Academy Award(R) winner Renee
Zellweger ("Cold Mountain ," "Chicago").
Rounding out DreamWorks Animation's 2007 release slate, "Bee Movie" is
slated for release in November 2, 2007, following the May 18, 2007 release of
the third "Shrek" movie.

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As
their relationship blossoms, Barry's eyes are opened to the world of humans
and he soon discovers that people partake in the mass consumption of honey. Smith ("Shrek 4-D"), who is making his feature film directorial
debut.

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3 million or $0.

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Readers are cautioned that these statements involve risks and
uncertainties, are only predictions and may differ materially from actual
future events and results.

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S. Its award-winning intelligent solid-state lighting
systems and technologies apply the benefits of LEDs as a highly efficient,
long lasting, environmentally friendly, and inherently digital source of
illumination -- reinventing light itself as a highly controllable medium.com.24 $ 0.14

WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic 18,368 17 ,895 18,177 10,906
Diluted 19,840 19,700 19,630 17,487

(1) Includes revenues from related parties as follows:
Lighting systems $802 $1,504 $4,660 $4,442
OEM and licensing 43 - 115 -
Total related party
revenues $845 $1,504 $4,775 $4,442


(2) Includes
stock-based compensation $7 $7 $31 $346

COLOR KINETICS INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)

Twelve Months Ended December 31,
2005 2004
NET CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 4,332 $ 2,383
Adjustments to reconcile net income to cash
from operating activities:
Depreciation and amortization 1,124 709
Loss on disposal of property and equipment 4 -
Stock-based compensation 31 346
Equity in earnings of joint venture (223) (334)
Common stock issued for services 50 -
Changes in assets and liabilities:
Accounts receivable (2,685) (1,332)
Inventory (2,429) 294
Prepaid expenses and other current assets 640 (1,268)
Accounts payable (530) 225
Accrued expenses 1,130 1,362
Deferred revenue (148) (8)
Accrued restructuring (405) (427)
Cash flows from operating activities 891 1,950


NET CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investments (48,082) (29,044)
Maturities of investments 62,906 -
Purchase of property and equipment (1,007 ) (791)
Proceeds from restricted cash 100 100
Cash flows from investing activities 13,917 (29,735)

NET CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from the exercise of stock options 1,792 115
Proceeds from issuance of redeemable
convertible preferred stock
- net of issuance costs - 13,003
Proceeds from issuance of common stock-net of
issuance costs 277 35,227
Cash flows from financing activities 2,069 48,345


EFFECT OF EXCHANGE RATE CHANGES ON CASH (43) (48)
INCREASE IN CASH AND EQUIVALENTS 16,834 20,512
CASH AND EQUIVALENTS-Beginning of period 26,198 5,686
CASH AND EQUIVALENTS-End of period $43,032 $26,198

SUPPLEMENTAL DISCLOSURE OF NONCASH
INVESTING AND FINANCING ACTIVITIES:
Conversion of redeemable convertible
preferred stock $ - $61,082


Contacts:
Felicia Spagnoli Justine Alonzo
Media Relations Investor Relations
Color Kinetics Incorporated Color Kinetics Incorporated
617-701-2292 617-701-2272
jalonzo@colorkinetics .

DreamWorks Animation's 'Bee Movie' Attracts a Swarm of Talent

newscom.

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