Atrix International Announces Third Quarter Operating Results.MINNEAPOLIS--(BUSINESS WIRE)--April 14, 1999-- Company Reports Net Income From Operations Atrix Atrix is an online action game developed by Galaxy Gate and published by NCsoft. External links
A city of southeastern Minnesota, a suburb of Minneapolis. Population: 60,000. , MN announced an income from operations of $6,000 for the third quarter ended March 31, 1999 as compared to a loss from operations of $36,000 for the third quarter ended March 31, 1998. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , the Company has incurred a loss from operations of $100 for the nine-month period ended March 31, 1999 versus a loss from operations of $171,400 one year ago. Sales for the three months ended March 31, 1999, totaled $1,027,700 compared with $1,095,200 for the same period a year ago. Sales for the nine months ended March 31, 1999 totaled $3,227,300 compared to $3,099,000 for the same period last year, an increase of 4%. The results for the quarter ended March 31, 1999 includes miscellaneous expenses of $54,400 relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the proposed merger between the Company and Atrix Acquisition Corp., which contributed toward a net loss of $40,700, or $.03 per share. Year-to-date, the Company has incurred $78,000 of miscellaneous expense relating to the proposed merger, and has incurred a net loss of $42,300. Last year, the Company incurred net losses of $32,000 and $153,900, respectively, for the three and nine-month periods ended March 31, 1998. Steven Ste´ven n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. Riedel  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , President and Chief Executive Officer of Atrix International, commented, "Atrix' financial results continue to improve. Without the unusual expenses relating to the proposed merger, the Company's net income would be $35,700 or $.03 per share, for the nine-month period ending March 31, 1999, as compared to a loss of $153,900 or $.11 per share, for the same nine-month period last year." He further stated that, "The Company anticipates the closing of the proposed merger will occur in June June: see month. of this year." Atrix is a leading edge manufacturer of remote metering and production monitoring hardware for the copy control and plastic injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. industries. The Company develops and writes proprietary monitoring software for these same industries. In addition, Atrix manufactures industrial vacuums, vacuum filters and printed circuit board transport cases for the office machine/computer industries. The Company also offers numerous innovative programs for supplying tools and instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. for field service organizations throughout the world. The common stock of Atrix is traded on 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 under the symbol ATXI. Atrix International E-Mail International E-mail (IDN E-mail or Intl E-mail) is E-mail that contains international, UTF-8 encoded, characters (characters which do not exist in the ASCII character set) in the e-mail header. : SRiedel@Atrix.com Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the : www.Atrix.com -0-
Atrix International, Inc. Announces Third Quarter Operating Results
Atrix International, Inc.
Statement of Operations
(unaudited)
Three Months Ended Nine Months Ended
March 31, March 31,
--------------------- ----------------------
1999 1998 1999 1998
--------- --------- ---------- ---------
Net Sales $1,027,738 $1,095,211 $3,227,305 $3,099,028
Cost of Sales (684,669) (723,715) (2,192,435) (2,096,741)
--------- --------- --------- ---------
Gross Profit 343,069 371,496 1,034,870 1,002,287
Selling, general and
administrative expenses (337,038) (407,458) (1,034,985) (1,173,715)
--------- --------- --------- ---------
Income\(loss) from
operations 6,031 (35,962) (115) (171,428)
Other income\(expense),
net 9,231 5,077 27,837 21,293
Misc. Income\(expense)
net (54,435) 0 (67,996) 0
--------- --------- --------- ---------
Income\(loss) before
taxes (39,173) (30,885) (40,274) (150,135)
Income (Taxes)\benefit (1,512) (1,080) (2,012) (3,765)
--------- --------- --------- ---------
Net Income\(loss) ($40,685) ($31,965) ($42,286) ($153,900)
========= ========= ========= =========
Net earnings\(loss)
per share -basic and
diluted ($0.03) ($0.02) ($0.03) ($0.11)
Weighted average number
of common stock
equivalents 1,413,449 1,413,449 1,413,449 1,413,449
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion