Applied Cellular Technology Inc. announces financial results.SPRINGFIELD, Mo.--(BUSINESS WIRE)--April 25, 1995--Applied Cellular Technology Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : 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 first quarter 1995 earnings of $79,913, or 6 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , on revenues of $222,834, vs. a loss in the first quarter of 1994 of $9,762, or 2 cents, on revenues of $115,791. Common shares outstanding for the quarter increased to 1,363,787 vs. 587,797 in the comparable quarter. Hardware products and software licensing revenues increased to $162,440 vs. $47,499, or 340 percent. Total operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. declined to $49,213 vs. $51,429, representing a 50 percent decline as a percent of sales vs. the comparable first quarter. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard J. Sullivan, 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. : "We have succeeded in accomplishing the first phase of the company's fiscal plan for 1995, by streamlining operating costs and improving the quality and mix of the revenue base, with an overall revenue increase of 119 percent quarter to quarter. In addition, our overall objective to dramatically improve shareholder equity without compromising earnings per share appears to be not only obtainable, but progressing at a more rapid pace than the company initially anticipated. This is evidenced by our dramatic improvement in earnings, and book value increasing from $2.83 at year end to an additional 81 cents, or $3.84, in the first quarter of 1995. "Overall, 1995 should be a banner year for the company. Second-quarter revenues currently are very strong, with orders for new products and installments booked totaling over $150,000. In addition, our new marketing program for the `Data-Boss II' software product is just underway as well as the national ramp-out of the `Compliance Plus' software systems." The company estimates earnings of 50 cents for the year, and a continuation of further operational streamlining and future acquisitions. Applied Cellular Technology Inc. is a leading-edge computer software developer and value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). , specializing in RF wireless communications for wholesale, distribution, manufacturing and medical industries. CONTACT: Pratt, Wylce & Lords Ltd., Idaho Springs, Colo. Bob Oberndorf, 303/567-0839 |
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