American Electromedics reports annual results.AMHERST, N.H.--(BUSINESS WIRE)--Dec. 7, 1994--American Electromedics Corp. announced today the following annual results for FY 1994: 3 Mos Oct. 30 FY 1995 FY 1994 Revenues $561,000.00 $686,000.00 Net income 77,000.00 63,000.00 Share earns net income .01 .01 Net income increased 22 percent on a sales decrease of 18 percent. This increase in income was due to a favorable sales mix sales mix See product mix. and lower operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. . The company's new product, The Pilot Audiometer au·di·om·e·ter n. An electrical instrument for measuring the threshold of hearing for pure tones of normally audible frequencies generally varying from 200 to 8000 hertz and recorded in decibels. , was introduced in August, 1994 with favorable results in both September and October. The second quarter of fiscal 1995 is expected to be stronger with Pilot sales results for the full three months. The company is essentially debt free. At Dec. 1, 1994, the company's bank has extended and increased its line of credit to $350,000.00 for an additional year. American Electromedics Corp. is the inventor of the Tympanometer and the Pilot Audiometer, medical devices used to detect middle ear and hearing disorders hearing disorders, n.pl a structural or functional impairment of the ability to detect and recognize sound. hearing disorders, indications of, n. , primarily in children. Martin Bader, chairman, stated, "We are very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op regarding continued growth, both internationally and domestically, especially with the introduction of our newest product, the Pilot Audiometer." CONTACT: American Electromedics Corp. Martin Bader, 603/880-6300 |
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