Alpha Microsystems Reports Second Quarter, Six-Month Results; AlphaCONNECT Orders Exceed $100,000 Over Last 60 Days.SANTA ANA Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif.--(BUSINESS WIRE)--Oct. 3, 1997--Alpha Microsystems (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 NM:ALMI ALMI Application Level Multicast Infrastructure ALMI Automated Listing and Mapping Instrument (US Census Bureau) ) Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant announced that for its second fiscal quarter ended Aug. 24, 1997, its revenues were $4.6 million with a net loss of $798,000, or $0.07 per share, versus revenues of $6.1 million with a net loss of $652,000, or $0.06 per share, for the second fiscal quarter of the previous year. The previous year's results included operations since divested. The second quarter's results included marketing expense of approximately $500,000 related to AlphaCONNECT, versus approximately $125,000 in the prior year's quarter. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. President and Chief Executive Officer Douglas J. Tullio, over $100,000 in orders for the company's AlphaCONNECT products were received over the last 60 days, most of which should be recorded as revenue in the second half of the fiscal year. "Internet content providers See content provider. such as Westergaard Online Systems and Cybernet Data Systems (the providers of EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. Online) are examples of orders where we agreed to provide customized versions of AlphaCONNECT implementations," Tullio said. "In addition to Alpha Microsystems Alpha Microsystems is a computer company founded in 1977 by Dick Wilcox and Bob Hitchcock. The first Alpha Micro computer was based upon the WD16 microprocessor chip from Western Digital. receiving up-front customization fees from Westergaard Online Systems, both providers pay certain ongoing `feed' fees and both agreed to multi-year AlphaCONNECT royalty and licensing fees. This kind of agreement validates our strategy to aggregate an installed base of fee-paying and royalty-paying AlphaCONNECT users, and to grow that base every quarter." Tullio stated that the AM Services Operation continues to be cash-flow positive and that future quarters should reflect growing revenues, including those from the new Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Group (PSG PSG, n polysomnograph; polygraph performed during sleep. Physiological variables such as pulse, blood pressure, and respiration are monitored and charted. ) that began with the acquisition of Data Enhancement International (DEI) on Aug. 12. He said that PSG was not a contributor to second quarter earnings since it was acquired at quarter's end. Vice President of Marketing Denny Michael said, "We are pleased that we have more AlphaCONNECT technology-related OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and private-label discussions ongoing now than we expected -- this should provide additional revenue opportunities." He added that other revenue from AlphaCONNECT is being derived from initial orders on the recently announced AlphaCONNECT BusinessVue product -- including orders from retailers such as CompUSA and Micro Center. Michael continued, "Our ability to enter into high-level technology discussions with industry leaders and our ability to more quickly penetrate distribution with a brand new product is in great part due to the success of our AlphaCONNECT StockVue software. "While revenue from StockVue has been less than expected due to lack of supporting ad sales by the company's principal StockVue content provider, the product continues to generate increased page turns (impressions) and is garnering significant industry attention. It's this type of recognition that is providing Alpha Micro with the ability to enter into serious technology and product discussions which should ultimately lead to increased revenues." Chief Financial Officer James Sorensen James Sorensen (born 1986 in Melbourne, Australia) is a professional model and actor. Acting has been a main interest in his life. He is currently starring in the Australian soap Neighbours as of July 2007. said that the company's financial position remained strong, with cash and equivalents of $6.1 million, working capital of $7.2 million and a current ratio of 3.2:1. Alpha Microsystems provides products and services through its AM Services Operation division such as consulting, maintenance, software, hardware and networking, both directly and through value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. and distributors. The company also serves the Internet/intranet market through its AlphaCONNECT product line, which includes business-to-business and consumer-based software and technologies. Alpha Microsystems has been in business for 20 years and today has over 40 locations, as well as third party distribution channels worldwide. For more information, contact the company's Web site at www.alphamicro.com or call 714/957-8500. -0- NOTE: Certain statements in this news release, including statements as to anticipated revenues and when revenue will be recorded, constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . -0-
ALPHA MICROSYSTEMS
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(Unaudited)
Three Months Ended Six Months Ended
Aug. 24, Aug. 25, Aug. 24, Aug. 25,
1997 1996 1997 1996
Net sales:
Product $1,394 $2,135 $2,770 $4,933
Service 3,206 4,013 6,379 8,291
Total net sales 4,600 6,148 9,149 13,224
Cost of sales:
Product 899 1,111 1,853 2,606
Service 2,562 2,942 5,164 6,176
Total cost of sales 3,461 4,053 7,017 8,782
Gross margin 1,139 2,095 2,132 4,442
Selling, general and
administrative expense 1,600 2,342 3,461 4,541
Engineering, research and
development expense 381 511 744 1,068
Total operating expenses 1,981 2,853 4,205 5,609
Loss from operations (842) (758) (2,073) (1,167)
Other income, net 44 106 148 176
Loss before taxes (798) (652) (1,925) (991)
Provision for income taxes 0 0 10 5
Net loss $(798) $(652) $(1,935) $(996)
Net loss per share $(0.07) $(0.06) $(0.18) $(0.11)
Number of shares used in the
computation of per share
amounts 10,834 10,939 10,828 9,183
CONTACT: Alpha Microsystems Denny Michael, 714/641-6374 dmichael@alphamicro.com or Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. & Caron Inc Damon Wright (investors) Kari Rinkeviczie (media) 714/252-8440 sccgi@aol.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion