Belmac posts strong growth in revenues and continues to improve operating performance in third quarter of 1995.TAMPA, Fla.--(BUSINESS WIRE)--Nov. 20, 1995--Belmac Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BLM BLM n abbr (US) (= Bureau of Land Management) → les domaines ) reported a 26% increase in revenues in the third quarter of 1995 when compared to the same period of the prior year. Revenues for the quarter ended Sept. 30, 1995 increased to $7,876,000 from $6,239,000 in the same quarter of the prior year. The company also continued its trend of improving operating performance by reporting a reduced net loss for the quarter ended Sept. 30, 1995 of $568,000, or $.20 per share (based on 2,978,000 weighted average common shares outstanding), compared to a net loss of $908,000, or $.39 per share (based on 2,456,000 weighted average common shares outstanding) in the same quarter of 1994. Year to date revenues for the nine months ended Sept. 30, 1995 totaled $23,583,000, compared to $19,676,000 in the comparable period of the prior year. Year to date net loss has been reduced by more than one-half to $1,545,000, or $.56 per share (based on 2,978,000 weighted average common shares outstanding) for the nine months ended Sept. 30, 1995 from a net loss of $3,651,000, or $1.67 per share (based on 2,257,000 weighted average common shares outstanding) in the comparable nine months of 1994. All data with respect to weighted average common shares outstanding and earnings per common share have been retroactively ret·ro·ac·tive adj. Influencing or applying to a period prior to enactment: a retroactive pay increase. [French rétroactif, from Latin adjusted to give effect to the company's one-for-ten reverse split of its Common Stock on July 25, 1995. "We are pleased with our continued growth in sales and the manner in which we have controlled operating costs operating costs npl → gastos mpl operacionales . Recent developments, such as our new third-party manufacturing contracts and the acquisition for our Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. market of the prescription drug prescription drug Prescription medication Pharmacology An FDA-approved drug which must, by federal law or regulation, be dispensed only pursuant to a prescription–eg, finished dose form and active ingredients subject to the provisos of the Federal Food, Drug, , Lactulosa Juventus, useful in the treatment of constipation constipation, infrequent or difficult passage of feces. Constipation may be caused by the lack of adequate roughage or fluid in the diet, prolonged physical inactivity, certain drugs, or emotional disturbance. as well as hepatic encephalopathy hepatic encephalopathy n. See portal-systemic encephalopathy. Hepatic encephalopathy Also called liver encephalopathy or hepatic coma, this is a disorder in which brain function deteriorates because toxic substances, , along with continuing cost control measures will assist us in successfully achieving our objective of reaching profitability and, more importantly, maintaining that profitability over the long term," stated Michael D. Price, vice president and chief financial officer. "Mr. Murphy (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. ) has been instrumental in implementing operational changes that have resulted in growth in sales to over $30 million in the past 12 months and significant reductions in operating costs. The loss from operations has been trimmed by more than 33% to $588,000 for the quarter ended Sept. 30, 1995, compared to $881,000 for the same quarter of 1994," Price added. Belmac Corp., headquartered in Tampa, is an international pharmaceutical and health care company engaged in the research, development, manufacturing, distribution and marketing of pharmaceutical and health care products. The company has chemical and pharmaceutical operations in France and Spain, and has expanded its health care product distribution business into 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. by marketing disposable linens Linens are fabric household goods, such as pillowcases and towels. Originally, many, such as bed sheets and tablecloths, were made of linen. Today, the term "linen" has come to be applied to all related products even though most are made of cotton, various synthetic to emergency health care services. -0-
BELMAC CORP.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Nine
(In Thousands except Months Ended Months Ended
per share data) Sept. 30, Sept. 30,
1995 1994 1995 1994
---- ---- ---- ----
Sales $7,876 $6,239 $23,583 $19,676
Cost of sales 6,563 5,054 19,233 15,940
Gross margin 1,313 1,185 4,350 3,736 Total operating expenses 1,901 2,066 6,265 7,413 Loss from operations (588) (881) (1,915) (3,677) Other (income) expense, net (20) 27 (370) (26) Net loss ($568) ($908) ($1,545) ($3,651) Net loss per common share ($0.20) ($0.39) ($0.56) ($1.67) Weighted average common shares outstanding 2,978 2,456 2,978 2,257 CONTACT: Belmac Corp., Tampa James R. Murphy, President & CEO 813/286-4401 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion