Alcide Corp. announces financial results for fiscal year 1996 first quarter ended Aug. 31, 1995.REDMOND, Wash.--(BUSINESS WIRE)--Sept. 12, 1995--Alcide Corp. (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 :ALCD ALCD Association of Law Costs Draftsmen ALCD Analogue Libraries on Low-Cost CMOS Digital Process (ESPRIT Project 8030) ) today announced record net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight and net income for its fiscal first quarter. -0-
Quarter Ended
Aug. 31, 1995 Aug. 31, 1994
Net Sales $2,608,745 $1,398,931 Net Income $ 504,139 $ 208,493 Average Shares Outstanding 2,855,740 2,786,174 Earnings Per Share 18 cents 7 cents First quarter fiscal year 1996 sales of $2,608,745 were 86 percent higher than first quarter sales one year ago. Net income of $504,139 for the quarter ended Aug. 31, 1995, was 142 percent higher than the corresponding quarter last year. Commenting on the sales and earnings performance, Joseph A. Sasenick, president and chief executive officer, stated, "We are encouraged by the strong performance of all of the company's distributors. ABS Global, which represents Alcide in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , posted an 83 percent increase in its purchase of Alcide's products. "This increase reflects market share growth in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , along with the January introduction of UDDERgold Plus in U.S. markets, the introduction of 4XLA XLA X-Linked Agammaglobulinemia XLA Excel Airways (British airline) XLA Microsoft Excel Addin XLA Xbox Live Arcade (gaming) XLA X-Band Limiter Attenuator XLA Excel Add-in XLA Xlib Archive into Canadian markets and expansion in several key Latin American countries. "We are equally pleased with the performance of our international distributors who, collectively, increased sales 109 percent over the first quarter last year. Each of our international distributors has increased its share of market, and we have opened new markets during the past year in the U.K., Ireland, Germany, Spain and Portugal." Alcide Corp. develops and markets infection control products having unique biocidal bi·o·cid·al adj. Of or relating to an agent that is destructive to living organisms. biocidal (bī´ōsī´d characteristics based on the company's patented technology. Alcide currently sells anti-infective products to the animal health market and disinfecting products to the medical and automotive industries. CONTACT: Alcide Corp., Redmond John Richards, 206/882-2555 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion