Bio-logic Systems reports financial results.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)--Jan. 13, 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, Friday announced operating results for the three and nine months ended Nov. 30, 1994. Total revenues for the 1994 three months increased 4 percent to $3,012,914 compared to $2,891,029 for the comparable three months of 1993. Total revenues for the 1994 nine months increased 2 percent to $8,078,842 compared to $7,900,721 for the comparable nine months of 1993. 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 $112,526 for the 1994 three months compared to operating income of $435,631 for the comparable 1993 three months. The company's operating income for the 1994 nine months was $12,827 compared to $452,774 for the corresponding 1993 period. The company's net income decreased to $128,720, or 3 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for the 1994 three month period compared to $297,572, or 7 cents for the 1993 three month period. For the 1994 nine months, The Company reported a decrease in net income to $107,736, or 3 cents per share compared to net income of $384,057, or 9 cents per share for the corresponding 1993 period. The weighted average number of shares were 4,223,268 for the 1994 three months as compared to 4,271,068 for the 1993 three months and 4,230,770 for the 1994 nine months, as compared to 4,301,481 for the 1993 nine months. Gabriel Raviv, president of Bio-logic, said, "The company's operating results for the nine months ended November 30, 1994 were negatively impacted by the addition of sales personnel and the expansion of its sales effort. The company believes that its investment in the sales function has only recently resulted in increased sales and that the company has yet to fully realize the benefits of this strategy." CONTACT: Bio-logic Systems Corp., Mundelein Gabriel Raviv, 708/949-5200 |
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