Alcide announces financial results for fiscal year 1995 second quarter and first half ended Nov. 30, 1994.REDMOND, Wash.--(BUSINESS WIRE)--Dec. 19, 1994--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) ) Monday announced second quarter and six months sales and earnings. -0-
Quarter Ended Six Months Ended
Nov. 30, 1994 Nov. 30, 1993 Nov. 30, 1994 Nov. 30, 1993
Net sales $2,032,489 $2,032,115 $3,431,420 $3,724,183
Net income $394,798 $316,993 $603,291 $625,084
Average shares
outstanding 2,683,208 2,729,803 2,673,701 2,737,924
Earnings per
share $.15 $.12 $.23 $.23
-0-
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 of $2,032,489 for the company's second quarter ended Nov. 30, 1994 were 45% higher than first quarter sales, and were equal to second quarter sales one year ago. Net income of $394,798 was 89% higher than first quarter net income and 25% higher than the second quarter last year. Commenting on the sales and earnings performance, Joseph A. Sasenick, president, chief executive officer, stated, "We continue to be encouraged by the strong performance of the company's international distributors. Our international shipments for the first half year were $1.1 million, a 30% increase over the first half last year. We are also beginning to see a recovery in our shipments to American Breeders Service (ABS), our distributor for North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . However, sales to ABS for the quarter continued to reflect the impact of a reduction in Alcide inventory by ABS which we estimate to be greater than $600,000 during Alcide's fiscal first half. At this point it appears that both ABS and international distributors are experiencing strong retail demand and that they are comfortable with their inventory positions. At the end of November, orders for future delivery totalled $2.4 million as compared to $1.7 million at the end of Alcide's first quarter." 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 Automotive Industries, Ltd. (Hebrew: תעשיות רכב נצרת עלית, תע"ר . CONTACT: Alcide Corp., Redmond John Richards John D. Richard Q.C. (born July 30, 1934) is the Chief Justice of Canada's Federal Court of Appeal. Richard was born in Ottawa and received a Bachelor of Arts degree in Political Science from the University of Ottawa in 1955, followed by his law studies at Osgoode Hall Law , 206/882-2555 |
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