Applied Cellular Technology, Inc. reports first quarter earnings per share of $0.03 vs. $0.02.NIXA, Mo.--(BUSINESS WIRE)--May 16, 1995--Applied Cellular Technology, Inc. (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 :ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) reported net income of $59,657 or $0.03 per share on revenues of $1,233,234 for the first quarter of 1996, versus net income of $29,409 or $0.02 per share on revenues of $222,836 in the comparable preceding year reporting period. Weighted average common shares outstanding increased to 2,313,721 versus 1,541,637 on a comparable quarter basis. Total assets were recorded at $4,671,280 versus $4,206,167 at the end of the calendar year 1995. Total stockholders equity was booked at $3,324,512 versus $3,126,622 at year end. Book value was reported at $1.44 per share on total common shares outstanding of 2,309,516 at quarter's end versus $1.38 per share on total common shares outstanding at year's end of 2,267,749. In reviewing the results of the first quarter, company Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a J. Sullivan stated, "All of our divisions continued to show dramatic improvement in sales growth during the quarter. As with the acceleration in sales and earnings growth which started in the fourth quarter of 1995, our first quarter performance reflects a continuation of this trend. Both sales and earnings increased dramatically quarter to quarter, improving five fold and 50% respectively. In addition, the growth in earnings on a comparable basis was achieved although weighted average shares outstanding increased by 50%. We are confident that our sales and rapid earnings per share growth will continue throughout this year. Our acquisition strategy again has proven to be not only sound, but beneficial to our stockholders. The results are clear, and are reflected in the company's ability to grow earnings in a non-dilutive manner, contributing immediate positive bottom line results." CONTACT: REOVEST, Inc. Bob Oberndorf, 303/642-0073 or North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Corp. Consultants Jay Johnson Jay Johnson can refer to:
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion