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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:ALCD ALCD - Analogue Libraries on Low-Cost CMOS Digital Process (ESPRIT Project 8030)
ALCD - Association of Law Costs Draftsmen
) today announced record net sales 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, posted an 83 percent increase in its purchase of Alcide's products.

"This increase reflects market share growth in the United States, along with the January introduction of UDDERgold Plus in U.S. markets, the introduction of 4XLA 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 (b-sd 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
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 12, 1995
Words:290
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