Atrix operating income up 500%.MINNEAPOLIS--(BUSINESS WIRE)--Aug. 16, 1995--Atrix International reported 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. of $156,540 for the fiscal year ended June 30, 1995. This represents a 500% improvement over the prior year's operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. of $628,658. The net income for fiscal 1995 was reported at $300,282, as compared to $405,189 for fiscal 1994. This difference is primarily due to $1,117,364 in miscellaneous non recurring income from a large patent lawsuit settlement in fiscal 1994. 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. Steven D. Riedel, President, the increase in operating income can be attributed to increased sales of $755,100 representing a 15% growth over the prior year sales. In addition, operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. were reduced due to lower legal fees relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. issues and a general reduction in overall operating expenses. Riedel further commented that he expected continued growth in fiscal 1996. The acceptance of the New R3 Copy Control Product line by Pitney Bowes  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . greatly enhances the company's position to increase sales and profits. In addition, Atrix will begin a direct marketing program in the first quarter of fiscal 1996 that will reach the majority of all copy machine dealers throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Atrix is a leading edge manufacturer of remote metering and copy control products. The company is also a manufacturer of toner An electrically charged ink used in copy machines and laser printers. It adheres to an invisible image that has been charged with the opposite polarity onto a plate or drum or onto the paper itself. vacuums, vacuum filters and printed circuit board transport cases for the office machine industry and distributes tools, and instrumentation 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. -0-
Atrix International Inc.
Statement of Operations
Three Months Ended Year Ended
June 30, June 30,
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1995 1994 1995 1994
------ ------ ------ ------
Net Sales 1,526,321 1,293,660 5,778,179 5,023,079
Cost of Sales 1,026,933 925,480 3,867,241 3,699,478
---------- ---------- ---------- ----------
Gross Profit 499,388 368,180 1,910,938 1,323,601
Selling, general and
administrative
expenses 440,705 446,664 1,754,398 1,952,259
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Gain (Loss) from operations 58,683 (78,484) 156,540 (628,658) Other income/expense, net (1,959) (9,785) (18,404) (75,017)
Misc. Income 11,332 166,880 169,496 1,117,364
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Income before taxes 68,056 78,611 307,632 413,689
--------- -------- -------- ----------
Income Taxes 2,500 8,500 7,350 8,500
-------- -------- -------- ----------
Net Income 65,556 70,111 300,282 405,189
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Net earnings per share $0.01 $0.01 $0.06 $0.08 Weighted average number of common stock equivalents 5,201,978 5,167,722 5,201,978 5,167,722 CONTACT: Atrix International Inc., Minneapolis Steven D. Riedel, 612/894-6154 |
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