Applied Cellular Technology Inc. reports second-quarter earnings of 7 cents per share, vs. a loss of 40 cents per share.SPRINGFIELD, Mo.--(BUSINESS WIRE)--Aug. 16, 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 net income of $97,697, or 7 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 $209,662 for the second quarter of 1995, vs. a loss of $227,692, or 40 cents per share, on revenues of $106,837 in the comparable preceding-year reporting period. Total assets for the quarter increased to $5,392,202 from the first quarter 1995 figure of $5,285,536. Total debt increased to $319,161, vs. $270,820 in the first quarter 1995. Total stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. increased for the quarter by $106,666 to $5,392,202. Book value was reported at $3.55 on shares outstanding of 1,428,787. According to the company's chief executive officer, Richard J. Sullivan: "We are continuing to show strong earnings momentum as evidenced by the 95% increase in sales on a quarterly comparable basis. In addition, with the two recently closed acquisitions reported last week (Baler Inc. and Atlantic Systems), our third-quarter income capabilities will show continued dramatic improvement." 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, installations and upgrade components for the wholesale, distribution, manufacturing and medical industries. CONTACT: Pratt, Wylce & Lords Ltd., Idaho Springs, Colo. 303/567-0839 |
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