Benthos announces first quarter fiscal 1995 sales and earnings.NORTH FALMOUTH Falmouth, town, England Falmouth (făl`məth), town (1991 pop. 17,810), Cornwall, SW England, on a small peninsula between Falmouth Bay and Carrick Roads estuary. , Mass. --(BUSINESS WIRE)-- Jan. 23, 1995 -- Benthos benthos: see marine biology. Inc. today announced first quarter sales of $1,425,000 for the period ended Jan. 1, 1995, a 26 percent decrease compared with sales of $1,938,000 for the first quarter of last year. As a result of lower sales and higher than expected new product production costs, the company experienced a net loss of $322,000 or $0.37 net loss per share as compared with a net loss of $145,000 or $0.16 net loss per share for the first quarter of last year. Order backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. at the end of the first quarter of 1995 was $2.1 million. Benthos Inc. Comparative condensed income statement (unaudited)
First Quarter (13 weeks) Ended
1/1/95 1/2/94
Net sales $1,425,000 $1,938,000 Net loss $ (322,000) $ (145,000) Net loss per share $ (0.37) $ (0.16) Average common and common equivalent shares outstanding 866,000 892,000 Benthos Inc. designs, manufactures, sells and services oceanographic, robotic ro·bot·ic adj. Relating to, characteristic of, or employing robots. and remote environmental sensing systems; and electronic inspection systems for testing the seal integrity of consumer containers. Benthos stock is traded over the counter and is listed on the 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. under the symbol BTHS BTHS Brooklyn Technical High School BTHS Barth Syndrome BTHS Bartram Trail High School (Jacksonville, Florida) BTHS Brick Township High School (New Jersey) . CONTACT: Benthos J. Luke Sabella/Peter Zentz, 508/563-1000 |
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