Astro Sciences reports record revenues for the nine months ended Dec. 31, 1994.CHATSWORTH, Calif.--(BUSINESS WIRE)--Feb. 1, 1995--Astro Sciences Corp. (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 :AOSCC) Wednesday reported results for the third quarter and nine months ended Dec. 31, 1994. In making the announcement the company noted that revenues, which reached a record for the nine months ended Dec. 31, 1994, represent a 56% increase over the previous quarter ended Sept. 30, 1994. For the latest third quarter, revenues increased to $3,945,967, as compared to revenues of $3,609,690 for the prior third quarter. Net income for the latest third quarter was $27,076 compared to $75,836, or $0.01 per share, for the prior comparable period. For the nine months ended Dec. 31, 1994, revenues rose to a record $9,799,002, up from $9,021,177 for the prior comparable period. During the latest nine months, Astro Sciences sustained a net loss of $941,166, or 17 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. , as compared to net income of $50,091, or 1 cent per share, for the same period of the prior year. Commenting on the results, A. Charles Lubash, president 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. , stated "The price restructuring initiated by the Company in July has had a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. effect on revenues for the quarter ended Dec. 31, 1994. As previously reported, the bulk of the loss for the nine months ended Dec. 31, 1994, occurred in the second quarter and was a direct result of the pricing reduction inaugurated during that period. Particularly encouraging were the sales achieved in December of $1.74 million, a monthly record for the company. With the recent release of our Pentium based servers, complimenting the powerful 486i line of products currently being marketed by the company, Astro Sciences has a product line of servers which expands the company's server business beyond the bounds of strictly remote access applications. 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. Lubash, the company's servers provide all sizes of business a lower cost solution to their system needs. The company has recently released several software management products which will further enhance Astro's ongoing performance." Headquartered in Chatsworth, ASTRO SCIENCES CORP. develops and produces communication products for computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. applications. Through its J&L Information Systems (founded in 1982), ASTRO SCIENCES produces communication servers and gateways for local area networks (LANs) and wide area networks (WANs) applications. CONTACT: Astro Sciences Corp., Chatsworth John Grady ''For the author, see John Grady (Author) John Grady (June 18, 1860 - July 15, 1893) played one year of professional baseball for the 1884 Altoona Mountain Citys. Mainly an outfielder, Grady played in 9 games, getting 36 at bats. His batting average was .306. , 818/709-1778 or Strategic Growth International Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Richard E. Cooper, 212/826-9622 |
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