Bio-logic Systems announces earnings.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)--Oct. 10, 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) ), ("Bio-logic" or the "Company"), 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 six months ended August 31, 1995. Total revenues for the 1995 three months increased to $3,444,762 compared to $2,612,127 for the corresponding three months of 1994. Total revenues for the 1995 six months increased 40% to $7,111,749 compared to $5,065,755 for the same period in 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 $326,032 for the 1995 three months 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 $37,251 for the 1994 three month period. The company had operating income of $705,139 for the 1995 six months compared to an operating loss of $99,699 for the corresponding 1994 period. The company had net income of $240,309 or $0.06 per share for the 1995 three months compared to a net loss of $1,291 or $0.00 per share for the 1994 three month period. For the 1995 six month period, Bio-logic reported net income of $517,873 or $0.12 per share compared to a net loss of $20,984 or $0.00 per share for the 1994 six month period. The weighted average number of shares were 4,361,289 for the 1995 three months, as compared to 4,239,911 for the 1994 three months, and 4,310,625 for the 1995 six months, as compared to 4,237,499 for the corresponding 1994 period. Gabriel Raviv, president of Bio-logic said "three and six month results are up significantly over the prior year. Sales of Ceegraph(TM), Navigator See Netscape Navigator, Netscape and Norton Navigator. Navigator - Netscape Navigator (TM) and Traveler(R) models led the increase in net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for both the quarter and year to date results." -0-
Bio-logic Systems Corp.
Second Quarter Results
Period Ending August 31, 1995
Fiscal Year 1996
Three Months Ended Six Months Ended
8/31/95 8/31/94 8/31/95 8/31/94
Net sales $3,444,762 $2,612,127 $7,111,749 $5,065,755 Net income (loss) $240,309 ($1,291) $517,873 ($20,984) Earnings per share $ 0.06 $ 0.00 $ 0.12 $ 0.00 Weighted average shares outstanding 4,361,289 4,239,911 4,310,625 4,237,499 CONTACT: Bio-logic Systems Corp. Gabriel Raviv, 708/949-5200 |
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