AgriDyne Technologies announces 1994 operating results.SALT LAKE CITY--(BUSINESS WIRE)--Feb. 13, 1995--AgriDyne 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 :AGRI AGRI. Arable land in the common fields. Cunn. Dict. h.t. ) Monday Monday: see week. announced its quarterly operating results for the fourth quarter and full year of 1994. For the company's fiscal year ended Dec. 31, 1994, AgriDyne lost $4.8 million, or $.74 per share on revenues of $2.0 million. In 1993, the company lost $5.3 million, or $.81 per share on revenues of $1.2 million. Comparative figures are on the accompanying table. The reduction in loss for 1994, when compared to 1993, is primarily the result of increases in both sales and gross profit margin Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. . Based in Salt Lake City, AgriDyne Technologies Inc. is committed to solving pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n and plant care needs through the development and marketing of innovative, environmentally compatible crop protection products. -0-
AgriDyne Technologies Inc.
Consolidated Condensed
1994 Full Year and Fourth Quarter Results, 1994-1993
(unaudited)
Fourth Quarter Ended Year Ended
Dec. 31, Dec. 31,
1994 1993 1994 1993
Total revenue $385,932 $299,013 $2,047,913 $1,210,213 Costs and expenses 1,499,955 1,872,806 7,123,101 7,780,886 Operating losses (1,114,023) (1,573,793) (5,075,188) (6,570,673) Total other income, net 93,854 153,209 250,397 1,304,417 Net loss $(1,020,169) $(1,420,584) $(4,824,791) $(5,266,256) Net loss per common share $(0.16) $(0.22) $(0.74) $(0.81) Weighted average common shares outstanding 6,546,208 6,521,610 6,540,301 6,514,799 NOTE: Cash, cash equivalents and marketable securities for AgriDyne were: $5,439,035 at Dec. 31, 1994, and $10,478,083 at Dec. 31, 1993. CONTACT: AgriDyne Technologies Inc., Salt Lake City Willem Willem is a Dutch given name. The name sterms from the Germanic languages, and can be seen as the Dutch equivalent of the name William in English. People
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