AgriDyne Technologies reports third quarter operating results.SALT LAKE CITY--(BUSINESS WIRE)--Nov. 15, 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. ) Wednesday Wednesday: see week. announced its operating results during the third quarter and first nine months of 1995. For the company's third quarter ended Sept. 30, 1995, AgriDyne lost $674,000, or 10 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 $505,000. For the prior year's comparable third quarter, the company lost $1.2 million, or 18 cents per share on revenues of $475,000. The comparative results for the quarters ended Sept. 30, 1995 and 1994 and the nine month periods ended Sept. 30, 1995 and 1994 are presented, respectively, on the accompanying table. As previously announced, AgriDyne has entered into a 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. to effect a business combination of the two companies. Consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of the proposed merger is subject to various conditions and events. AgriDyne presently intends to continue pursuing the proposed merger with biosys. 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
Third Quarter and Nine Month Results, 1995-1994
(unaudited)
Quarter Ended Nine Months Ended
Sept. 30 Sept. 30
1995 1994 1995 1994
Total revenue $504,769 $475,396 $1,772,923 $1,661,981 Costs and expenses 1,188,343 1,671,893 4,210,855 5,623,146 Operating loss (683,574) (1,196,497) (2,437,932) (3,961,165) Total other income, net 9,925 4,893 198,711 156,543 Net loss $(673,649) $(1,191,604)$(2,239,221)$(3,804,622) Net loss per common share $(0.10) $(0.18) $(0.34) $(0.58) Weighted average common shares outstanding 6,547,457 6,546,208 6,547,081 6,538,308 NOTE: Cash, cash equivalents and marketable securities for AgriDyne were $2,239,112 at Sept. 30, 1995; $5,439,035 at Dec. 31, 1994. CONTACT: AgriDyne Technologies Inc., Salt Lake City Brian Moss Brian Moss is a Singer/Song Writer from The Bay Area (San Francisco) who later moved to Chicago. Brian Moss has played in many bands, encompassing genres such as hardcore and ska. , 801/467-4100 |
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