Alcide Corp. announces financial results for fiscal year 1997 second quarter and first half ended Nov. 30, 1996.REDMOND, Wash.--(BUSINESS WIRE)--Dec. 23, 1996--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 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 second quarter and half year ended Nov. 30, 1996.
Quarter Ended Six Months Ended
Nov. 30 Nov. 30
1996 1995 1996 1995
Net sales $2,744,874 $2,980,208 $4,787,096 $5,588,954
Net income 601,724 599,958 978,020 1,104,097
Average shares
outstanding 2,793,802 2,849,035 2,793,334 2,852,388
Earnings per share 22 cents 21 cents 35 cents 39 cents
Joseph A. Sasenick, president and chief executive officer, commented that, "The $2.7 million sales for the second quarter were as expected and show a significant 34% improvement over first quarter sales. The company's plan is to achieve double digit Noun 1. double digit - a two-digit integer; from 10 to 99 integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction" sales and net earnings growth for the total year." Sasenick also noted that, "A new agreement has been signed with ABS Global Inc. which retains ABS as Alcide's exclusive distributor in several well developed U.S. and international markets for the company's udder udder: see mammary gland. care product line. The agreement also provides an opportunity for Alcide to expand through additional distributors in less developed areas representing about 68% of the U.S. dairy market. Additional distributors will begin selling early in 1997." Concerning Alcide's new Optima poultry antimicrobial antimicrobial /an·ti·mi·cro·bi·al/ (-mi-kro´be-al) 1. killing microorganisms or suppressing their multiplication or growth. 2. an agent with such effects. intervention, Sasenick stated that, "The company has been in close contact with USDA USDA, n.pr See United States Department of Agriculture. to obtain the agency's approval for testing under commercial conditions, which is the last step before approval for marketing, and we believe approval to begin testing will be granted by mid-January. In anticipation of approval, application equipment will be installed at the first test site during the first week of January so that the tests can begin immediately following USDA approval." Alcide Corp. develops and markets unique biocidal bi·o·cid·al adj. Of or relating to an agent that is destructive to living organisms. biocidal (bī´ōsī´d products based on its patented technology. Alcide currently sells anti-infective products to the animal health market and disinfecting products to the medical industries. This earnings report includes forward looking statements which involve risk and uncertainty including, without limitation, risk of dependence on third party suppliers, market acceptance of and demand for the company's products, distribution capabilities, development of technology and regulatory approval thereof. CONTACT: Alcide Corp. John Richards, 206/882-2555 |
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