A.D. TECH reports first-quarter results; Revenues rise 35%; earnings at $0.06 per share.TAUNTON Taunton, city, England Taunton (tôn`tən, tän`–), city (1991 pop. 47,793), county seat of Somerset, SW England, on the Trove River. , Mass.--(BUSINESS WIRE)--May 7, 1997-- Advanced Deposition Deposition Christ is taken from the cross and enshrouded. [N.T.: Matthew 27:57–60; Christian Art: Appleton, 55] See : Passion of Christ Technologies 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 first-quarter ended March 31, 1997, increased 35 percent to $3,126,000, compared with revenues of $2,314,000 in the previous year's first-quarter. The company also reported first-quarter net income of $230,000, or $0.06 per share, compared with a net loss of $(194,000), or $(0.6) per share, for the previous year's first-quarter. Income from operations during the first-quarter 1997 increased $524,000 over first-quarter 1996. Advanced Deposition Technologies, Inc. (NASDAQ: ADTC) is a technology development corporation committed to commercializing new technologies and products related to thin films, coatings, dielectric dielectric (dī'ĭlĕk`trĭk), material that does not conduct electricity readily, i.e., an insulator (see insulation). A good dielectric should also have other properties: It must resist breakdown under high voltages; it should not film and vapor depositions Vapor deposition Production of a film of material often on a heated surface and in a vacuum. Vapor deposition technology is used in a large variety of applications. . Currently, the company has product divisions in markets for electronics, microwave food packaging, security holograms, retroreflective films, and a product development group. The company either owns or licenses more than 35 patents and has approximately twelve patents pending. A.D. TECH pursues technology leadership positions in its existing markets and develops new products for emerging growth industries. On a selective basis, the company licenses its proprietary technologies and patents to market leaders who can accelerate the revenue growth of A.D. TECH's unique products and technologies into large-scale large-scale adj. 1. Large in scope or extent. 2. Drawn or made large to show detail. large-scale Adjective 1. wide-ranging or extensive 2. commercialization and markets
A.D. TECH, INC.
(Amounts in thousands, except per-share data)
Three Months Ended
March 31 March 31
1997 1996
Revenues $3,126 $2,314
Net income (loss) $230 $(194)
Net income (loss) per share $0.06 $(0.06)
Weighted-average number
of shares used in computation
of per-share net income 4,143 3,152
CONTACT: Glenn Walters Maribel Lopez A.D. TECH, Inc. Ronald Trahan Associates, Inc. 508/823-0707 617/332-0101 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion