1996 fiscal year results.MILPITAS, Calif.--(BUSINESS WIRE)--Dec. 31, 1996--EIP Microwave Inc. reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the fiscal year ended Sept. 30, 1996, of $6,492,000, a 3% decrease compared to the 1995 fiscal year. The company incurred a loss of $493,000 ($(1.16) per share) for fiscal year 1996, as compared to net income of $125,000 ($.30 per share) recorded during the previous year. Incoming orders for fiscal 1996 were $6,115,000, a 14% decrease from the same period a year ago. Backlog at Sept. 30, 1996, was $763,000, a 37% decrease from the balance at Sept. 30, 1995. -0-
(dollars in thousands except per share data -- audited)
Twelve Months Ended
Sept. 30,
1996 1995
Net sales $6,492 $6,721
Net income (loss) (493) $ 125
Income (loss) per share (1.16) $ 0.30
Weighted average shares of
common stock 423 423
EIP (1) (Enterprise Information Portal) See corporate portal. (2) (Extended Instruction Pointer) The program counter on x86 CPUs. Microwave manufactures microwave and radio frequency test and measurement instruments, which are predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. used in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , wireless and defense industries. The company has manufacturing facilities in Milpitas, Calif. The company's common stock trades on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small-Cap Market under the symbol EIPM EIPM European Institute of Purchasing Management . CONTACT: EIP Microwave Lewis R. Foster, 408/945-1477 |
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