Amistar Releases Earnings.Business Editors SAN MARCOS San Marcos (săn mär`kəs). 1 City (1990 pop. 38,974), San Diego co., S Calif., a northern suburb of San Diego; settled 1880s, inc. 1963. , Calif.--(BUSINESS WIRE)--April 11, 2000 Amistar Corp.(Nasdaq:AMTA AMTA American Music Therapy Association. AMTA, n See American Music Therapy Association. ) today announced sales and earnings for the three months ending March 31, 2000. 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 for the three months ending March 31, 2000 were $4,775,000 as compared to $4,619,000 for the first quarter in 1999. There was a net profit for the three months ended March 31, 2000 of $62,000 or $.02 per share as compared to a net loss of $22,000 or $.07 per share for the first quarter in 1999. Per share figures are based on 3,136,500 shares outstanding in 2000 and in 1999.
CONDENSED INCOME STATEMENTS (UNAUDITED)
THREE MONTHS ENDED
March 31,
2000 1999
Net Sales $4,775,000 $4,619,000
Cost of Sales 3,647,000 3,556,000
Gross Profit 1,128,000 1,063,000
Other Costs 1,090,000 1,423,000
Operating Profit (Loss) 38,000 (360,000)
Non Operating Income (Expense) 24,000 (10,000)
Earnings (Loss) Before Tax 62,000 (370,000)
Income Tax (Benefit) -- (148,000)
Net Earnings (Loss) $ 62,000 $ (222,000)
Earnings (Loss) per share $ .02 $ (0.7)
Average Number of
Shares Outstanding 3,136,500 3,136,500
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