A.D. TECH reports 1995 results.TAUNTON, Mass.--(BUSINESS WIRE)--April 1, 1996--A.D.TECH Inc. (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 : ADTC ADTC Armament Development Test Center ADTC Advanced Data Tools Corporation ADTC Apparel Training and Design Centre (India) ADTC Advance Data Transfer Cartridge ADTC Advanced Data Transfer Cartridge ) today reported that revenues for the year ending Dec. 31, 1995 increased 51 percent to $9,541,000, compared with revenues of $6,314,000 during 1994. The company also reported a net profit for the year ended Dec. 31, 1995 of $6,000, or $0.00 per share, compared with a net loss of ($1,809,000), or a net loss of ($0.59) per share in 1994. Revenues for the fourth quarter ended Dec. 31, 1995 increased 106 percent to $2,751,000, compared with revenues of $1,338,000 in the previous year's fourth quarter. The company also reported fourth-quarter net income of $364,000 or net income of $0.12 per share, compared with a net loss of ($1,326,000), or a net loss of ($0.43) per share, for the previous year's fourth quarter. A significant portion of the fourth-quarter increase in both revenues and profits was due to a transaction consisting of cost-recovery billings to Printpack Inc. These billings will not occur in the future. Glenn J. Walters, president and chief executive officer of A.D. TECH said, "We consider highlights of the year to include continued acceptance by major converters and packaging companies of our patented Safety Susceptor sus·cep·tor n. A metallic patch attached to microwaveable packages of food in which radiant energy produced in the patch by microwaves helps cook the food, often by browning its surface. , enhancement of our proprietary Pattern Metallization Met`al`li`za´tion n. 1. The act or process of metallizing. Printing ("PMP See point-to-multipoint and portable media player. PMP - Portable Media Player ") process, and the shipment of successful initial evaluation orders to the holographic See holographic storage. and retroreflective materials industries. Furthermore, the company's backlog in microwave and other proprietary films are at an all-time high and continued to grow in the first quarter." A.D. TECH is a technology leader in developing and manufacturing high-resolution, patterned, vacuum-metallized coatings for a variety of energy-management applications -- including microwave food packaging, authentification holograms, electronic article surveillance See EAS. tags, electrostatic discharge (hardware, testing) Electrostatic Discharge - (ESD) One kind of test that hardware usually has to pass to prove it is suitable for sale and use. The hardware must still work after is has been subjected to some level of electrostatic discharge. materials, microwave sterilization sterilization Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). devices, retroreflective films and solar protective films -- using the company's proprietary metallization process including a new Pattern Metallization Printing ("PMP") process. -0-
A.D. TECH INC.
(Amounts in thousands, except per-share data)
Three Months Ended Year Ended
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
1995 1994 1995 1994
Revenues $2,751 $1,388 $9,541 $6,314 Net income (loss) 364 (1,326) 6 (1,809) Net income (loss) per share 0.12 (0.43) 0.00 (0.59) Weighted-average number of shares used in computation of per-share net income 3,180 3,071 3,204 3,072 CONTACT: A.D. TECH Inc. Glenn Walters, 508/823-0707 or Ronald Trahan Associates Inc. Ronald Trahan, 508/651-1180 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion