AgriDyne Technologies reports second quarter operating results.SALT LAKE CITY--(BUSINESS WIRE)--Aug. 1, 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. ) announced Tuesday Tuesday: see week. its operating results for the second quarter and first half of 1995. For the company's second quarter ended June June: see month. 30, 1995, AgriDyne recorded a net loss of $723,000, or 11 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on revenues of $765,000. For the six months ended June 30, 1995, the company recorded a net loss of $1.6 million, on sales of $1.3 million. For the prior year's six month period, the company lost $2.6 million on sales of $1.2 million. The results for the second quarter of 1995 include $319,000 in expenses related to the proposed merger with biosys Biosys is a PC game developed by Jumpstart Interactive and published by Take 2 Interactive.[1] Released in February 1999, it is a point-and-click adventure which follows the protagonist Professor Alan Russell and is set inside the fictional ecological , inc. The results for the second quarter and the first half of 1995 are consistent with company expectations. AgriDyne previously announced that the company has signed an agreement to merge with biosys, inc. The merger of the two biopesticide companies is intended to increase the combined company's role in developing and commercializing safe and effective methods of insect control. 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
Second Quarter and First Half Results, 1995-1994
(unaudited)
Quarter Ended June 30, First Half Ended June 30,
1995 1994 1995 1994
Total revenue $764,924 $688,901 $1,268,154 $1,186,585 Costs and expenses 1,650,613 2,230,673 3,022,512 3,951,253 Operating losses (885,689) (1,541,772) (1,754,358) (2,764,668) Total other income, net 162,500 70,309 188,786 151,650 Net loss (723,189) (1,471,463) (1,565,572) (2,613,018) Net loss per common share $(0.11) $(0.22) $(0.24) $(0.40) Weighted average common shares outstanding 6,546,889 6,541,095 6,546,889 6,534,295 NOTE: Cash, cash equivalents and marketable securities for AgriDyne were $2,820,883 at June 30, 1995; $5,439,035 at Dec. 31, 1994; and $7,921,468 at June 30, 1994. CONTACT: AgriDyne Technologies Inc., Salt Lake City Willem Spiegel or David Clark David Clark or Dave Clark can refer to different people:
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