Apertus Technologies Announces Fourth Consecutive Quarter of Record Results.EDEN PRAIRIE Eden Prairie A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300. , Minn.--(BUSINESS WIRE)--January 16, 1995--Apertus Technologies Incorporated (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 : APTS APTS Alexandra Palace Television Society (UK) APTS Advanced Public Transportation System APTS Austin Presbyterian Theological Seminary (Texas) APTS Association of America's Public Television Stations ) today announced record financial results for its third quarter ended January January: see month. 1, 1995. Revenues increased 148% to $13,709,000 from $5,537,000 for the same quarter of the previous year. Net income (loss) for the third quarter was $2,613,000, or $0.18 per share, as copmared to $(9,884,000), or $(0.76) per share, for the same quarter last year. In addition, the Company's cash position improved to $20,936,000, which reflects an increase of $2,726,000 from the second quarter. For the first nine months of ifscal 1995, the Company's revenues increased 166% to $40,630,000 from $15,257,000 for the comparable preiod last year. Net income for the year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. was $7,082,000, or $0.50 per share, as compared to a net loss of $(10,356,000), or $(0.80) per share, last year. "I continue to be pleased with the expansion of our business, particularly in thei nternational marketplace where we have been winning significant new customers in Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). , Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. , South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and Korea Korea (kôrē`ə, kə–), Korean Hanguk or Choson, region and historic country (85,049 sq mi/220,277 sq km), E Asia. ," said Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. D. Gordon Gordon, river in W Tasmania, Australia, 125 mi (200 km) long. Flowing from mountains to the W coast, its main tributaries are the Franklin and Denison from the N, and Serpentine and Olga to the S. , Chairman and Chief Executive Officer. Mr. Gordon went on to comment that he is pleased that Apertus' continued financial success has been recognized recently by the inclusion of Apertus as the 10th highest performing company in the Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. 100. The Bloomberg 100 is a listing of stocks with a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of at least $100 million ranked by total return, for the 12-month period ending November November: see month. 1, 1994. Apertus Technologies Incorporated is a leading provider of multi- multi- word element [L.], many. multi- pref. 1. Many; much; multiple: multiarticular. 2. More than one: multiparous. platform communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems . It offers enterprise-strength products for network and data integration. Headquartered in Eden Prairie, Minnesota The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. , Apertus has sales and service offices throughout 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. and Europe. Apertus is a registered trademark of Apertus Technologies Incorporated. Other names, products and services mentoined are the trademarks or registered trademarks of their respective vendors or organizations.
STATEMENTS OF OPERATIONS
(Unaudited)
(Dollars in Thousands, Except Per Share Amounts)
Three Months Ended Nine Months Ended
Jan. 01 Jan. 02 Jan. 01 Jan. 02
1995 1994 1995 1994
Revenues Sales................... $11,469 $ 4,219 $ 34,622 $ 11,442 Rentals and services.... 2,240 1,318 6,008 3,815 Total..................... 13,709 5,537 40,630 15,257
Costs and Expenses
Cost of revenues........ 3,784 2,701 12,731 7,331
Research, development
and engineering....... 3,144 1,327 7,688 3,729
Selling, general and
administrative........ 4,299 2,581 13,483 6,170
Restructuring and other
charges............... - 9,029 - 9,029
Total..................... 11,227 15,638 33,902 26,259 Income (Loss) from Operations.............. 2,482 (10,101) 6,728 (11,002) Interest Income........... 206 217 429 646 Income Tax................ (75) - (75) -
Net Income (Loss)......... $ 2,613 $(9,884) $ 7,082 $(10,356)
========= ======== ======== =========
Earnings per Share
Net Income (Loss)....... $ .18 $ (.76) $ .50 $ (.80)
======= ======== ======= ========
Weighted Average Number of
Common and Common Equivalent
Shares Outstanding 14,485,000 12,921,000 14,302,000 12,866,000
========== ========== ========== ==========
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands)
ASSETS
(Unaudited)
Jan. 01 April 03
1995 1994
Current Assets
Cash and cash equivalents................ $ 14,072 $ 2,040
Cash in escrow - current portion......... 106 106
Marketable securities at cost which
approximates market................... 5,990 6,213
Accounts receivable-net.................. 13,726 12,159
Current portion of installment
receivables............................ 356 881
Inventories.............................. 3,470 3,092
Other.................................... 679 529
Total current assets................... 38,399 25,020
Property and Equipment-Net................. 3,405 3,023 Capitalized Software - Net................. 3,778 4,894 Cash in escrow - net of current portion.... 768 849 Note Receivable............................ 8,700 8,700 Installment Receivables - net of current portion.................................. 37 196 Other Assets............................... 824 881
Total.................................. $ 55,911 $ 43,563
======== ========
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands)
LIABILITIES AND SHAREHOLDERS' EQUITY
(Unaudited)
Jan. 01 April 03
1995 1994
Current Liabilities Accounts payable......................... $ 6,283 $ 4,538 Accrued expenses......................... 8,527 4,064 Current portion of long-term debt........ 138 138 Total current liabilities................ 14,948 8,740 Long-term Debt............................. 9,040 9,142 Notes Payable.............................. 2,140 3,740
Shareholders' Equity
Common stock--authorized, 30,000,000
shares at $.05 par value; issued and
outstanding at
January 01, 1995 - 13,345,550 Shares
April 03, 1994 - 12,941,875 Shares..... 667 647
Additional paid-in-capital............... 52,742 52,047
Accumulated deficit...................... (23,504) (30,586)
Deferred compensation.................... (122) (167)
Total shareholders' equity............. 29,783 21,941
Total.................................. $ 55,911 $ 43,563
======== ========
CONTACT: Apertus Technologies Inc. Andy Serell - Investor Relations Investor relations The process by which the corporation communicates with its investors. : 212/560-7837 Elesia Birnbaum - Press Relations: 212/560-7821 |
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