Boonton Electronics Corp. reports third quarter and nine month results.PARSIPPANY, N.J.--(BUSINESS WIRE)--Aug. 16, 1995--Boonton Electronics 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 Over-The-Counter Bulletin Board symbol "BOON Boon A general term that refers to a benefit or improvement for investors. This can include such things as increased dividends, a stock market rally and stock buybacks. Notes: ") announced today its third fiscal quarter and nine month results. For the third quarter, sales were $1,818,211 compared with $1,336,605 last year. The net income was $99,128 or 7 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. as compared with a net loss of $92,841 or 7 cents per share a year ago. Nine month sales were $4,967,463 as compared with $4,280,476 prior year. Net income was $6,849 or 1 cent per share versus prior net loss of $523,251 or 40 cents per share. The order backlog at June 30, 1995 was $1,119,217 which represented a $390,202 increase over the Sept. 30, 1994 backlog of $729,015. Founded in 1947, Boonton Electronics Boonton Electronics is an American manufacturer of electronic test equipment. Originally founded in 1947 in Morris Plains, New Jersey, they are now located nearby in Parsippany. Boonton became a wholly owned subsidiary of the Wireless Telecom Group in 2000. Corp. is a manufacturer of test equipment dedicated to measuring the power of RF and microwave systems used in both military and commercial sectors. The company also manufactures impedance impedance, in electricity, measure in ohms of the degree to which an electric circuit resists the flow of electric current when a voltage is impressed across its terminals. measuring instruments and RF voltmeters, as well as audio analyzers. Boonton Electronics' products are used to test terrestrial Dealing with the earth. See terrestrial link. and satellite communications, radar, telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. , and an expanding number of personal communications products. It is headquartered in Parsippany. For more information, contact Boonton Electronics Corp., 25 Eastmans Rd., PO Box 465, Parsippany, NJ 07054-0465, or call 201/386-9696; fax 201/386-9191. -0-
Three Months Ended June 30
1995 1994
Sales $1,818,211 $ 1,336,605 Net income/(loss) 99,128 (92,841) Earnings/(loss) per share $0.07 $(0.07) Average shares outstanding 1,326,785 1,296,785
Nine Months Ended June 30
1995 1994
Sales $4,967,463 $ 4,280,476 Net income/(loss) 6,849 (523,251) Earnings/(loss) per share $0.01 $(0.40) Average shares outstanding 1,326,785 1,296,785 CONTACT: John E. Titterton 201/386-9696 |
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