AML Communications Reports Second-Quarter Results.quarter were $1.6 million compared with $2.8 me, for the same period a year ago. Net sants Sants is a neighbourhood of Barcelona, in the southern zone of the city. It belongs to the district of Sants-Montjuïc, and is bounded by the districts of Eixample on the northeast, Les Corts on the northwest, and by the municipality of Hospitalet de Llobregat on the south. per share, compared with net income of $236,000, or 4 cents per diluted share, a year earlier. Jacob Inbar, president and chief executive officer, said: "Results for the second quarter reflect delays and cancellations in ordersmportant component to the company's long-term growth strategy, supported by solid relationships with leading telecommunications customers," Inbar added. WLL See wireless local loop and PHS-WLL. telepholine telephone systems. Inbar highlighted the company's progress in developing its M150 high-power multicarrier amplifier, which the company believes exceeds existing standards for the cellular wireless communications industry. A working prototype of the M150 was introduced at the PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. show in Orlando, Fla., in September, following the conso announced that during the quarter it purchasearkets multicarrier amplifiers and masthead mast·head n. 1. Nautical The top of a mast. 2. The listing in a newspaper or periodical of information about its staff, operation, and circulation. 3. amplifiers for the cellular, PCS, paging and satellite communica and uncertainties, such as the statements of tuding, but not limited to, the opportunity for flity in acquiring new customers; continued or new deterioration of business and economic conditions in the co; and, growth in the wireless communications mad Financial Information (In $000's771 2,456 Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. : Selling, 196 (674) 375 (Benefit) provision for income taxes (304) 73 (239) 139 Net income (loss) $ (550) $ 123 $ (435) $ 236 Basic earnings (loss) per share $ (0.09) $ 0.02 $ (0.07) $ 0.04 Weighted average common shares outstanding 6,270 6,199 6,284 6,156 Diluted earnings (loss) per share $ (0.09) $ 0.02 $ (0.07) $ 0.04 Weighted average common shares outstanding 6,270 6,330 6,284 6,302 (Unaudited) (Audited) BALANCE SHEETS: Sept. 30, March 31, 1998 1998 Current assets Current Assets Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year. : Cash, cash equivalents and marketable securities Marketable Securities Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has $ 7,532 $ 8,608 Accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , net 1,430 1,628 Inventories 2,561 2,511 Other current assets Other Current Assets A balance sheet item that includes the value of non-cash assets due within one year. Notes: Examples are things like prepaid expenses and accounts receivable. 462 367 Income taxes receivable 114 -- Total current assets 12,099 13,114 Property and equipment, net 2,159 2,096 Other assets 470 469 Total assets $14,728 $15,679 Current liabilities: Accounts payable $ 762 $ 766 Accrued expenses 762 953 Income taxes payable -- 195 Current portion of capital lease obligations 20 19 Total current liabilities 1,544 1,933 Capital lease obligations, net 27 38 Stockholders' equity 13,157 13,708 Total liabilities and stockholders' equity $14,728 $15,679 |
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