Applied Cellular Technology Inc. Reports Record Revenues of $1.966 Million And Record Income Of $62,129 For Second Quarter. Earnings Per Share Reported at $0.03. First Half Revenues Exceed Previous Year's Total By 137%. Operating Income Increases By 252% to $121,908 On A Comparable Six Month Basis.NIXA, Mo.--(BUSINESS WIRE)--Aug. 15, 1996--Applied Cellular Technology, Inc. (NASDAQ-ACTC) reported net income of $62,129 or $0.03 per share on revenues of $1,966,769 for the second quarter of 1996, versus net income of $39,018 or $0.03 per share on revenues of $209,662 in the comparable preceding year reporting period. Weighted average common shares outstanding increased 50% to 2,313,042 versus 1,543,468 on a comparable quarter basis. Total assets were recorded at $6,136,447 versus $4,131,485 at the end of the calendar year 1995. Long term debt remained less than 1% of equity. Total stockholders equity was booked at $3,497,062 versus $3,051,940 at year end. Book value was reported at $1.43 per share on total common shares outstanding of 2,439,920 at quarter's end versus $1.34 per share on total common shares outstanding at year's end of 2,267,749. In reviewing the results of the second 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, "This quarter represents both record revenue and income contribution from all of our operations. Through the first half of the year we have generated $3.2 million in revenues or a 137% increase over total revenues for 1995 of $2.3 million. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. increased 252% to $121,908 versus $34,600 on a comparable six month period, and represents 72% of last year's total. Net income for the first half of the year increased 169% on a comparable basis, and is tracking at 61% of last year's totals. "In addition, we have been able to accomplish this tremendous growth, and execute the company's acquisition strategy without diluting earnings. While the company's earnings per share remained level at $0.04 per share versus the first half of 1995, weighted average shares outstanding increased by 62% on a comparable basis. We our now poised for a continuation continuation - continuation passing style of the rapid revenue and income earnings contributions from the company's operations throughout the second half of 1996 and beyond." Applied Cellular Technology, Inc. is a diversified diversified (di·verˑ·s computer technology company, specializing in RF wireless data and cellular communication applications. CONTACT: Reovest Inc., Nixa 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. E. Oberndorf Oberndorf (German: upper village) may refer to the following places:
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