Bio-Logic Systems Corp. announces operating results for the three and twelve month periods ended February 28, 1995.MUNDELEIN Mundelein (mən`dəlīn) village (1990 pop. 21,215), Lake co., NW of Chicago, NE Ill.; founded 1835 as Mechanics Grove, inc. 1909. The name was changed in 1926 to honor George Cardinal Mundelein. , Ill.--(BUSINESS WIRE)--May 25, 1995--Bio-Logic Systems 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 :BLSC BLSc Bachelor of Library Science BLSC Black Lion Swimming Club (UK) BLSC Boulders, Silt and Clay (lithological term) BLSC Bond Lake Skating Club (Oak Ridges, Ontario, Canada) ) a designer and marketer of computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. medical electrodiagnostic equipment, today announced operating results for the three and twelve month period ended Feb. 28, 1995. Total revenues for the 1995 three month period increased 40.2% to $3,993,832 compared to $2,848,611 for the corresponding three month period of 1994. Total revenues for fiscal 1995 increased 12.3% to $12,072,674 compared to $10,749,332 in fiscal 1994. The company had 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 $774,323 for the three month period ended Feb. 28, 1995 compared to an 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 $48,780 for the corresponding 1994 period. The company's operating income for fiscal 1995, increased 94.8% to $787,150 compared to $403,994 for fiscal 1994. The company's net income increased 306.3% to $632,676 for the 1995 three month period, compared to $155,698 for the same period in 1994. For fiscal 1995, Bio-logic reported an increase in net income of 37.2% to $740,412 or $.18 per share compared to net income of $539,755 or $.13 per share for fiscal 1994. The weighted average number of shares were 4,227,823 for year end fiscal 1995 compared to 4,300,839 for year end fiscal 1994. Gabriel Raviv, president of Bio-logic said "the Company's operating results for fiscal 1995 benefited from strong sales in the fourth quarter, both domestically and internationally; and the Company is continuing to experience an increase in sales during the first quarter of fiscal 1996 as compared to the corresponding period in fiscal 1995. The Company believes that its increased market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" resulted in growth of Bio-logic's international sales. Domestically, the company believes that its strategy to increase sales and marketing expenditures and expand the sales force will continue to benefit sales. The Company intends to continue this strategy of increased sales and marketing expenditures in fiscal 1996." CONTACT: Gabriel Raviv 708/949-5200 |
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