Bovie Medical Corporation Announces Record Fiscal Year Results: Revenues Up 18%, EPS Up 50%.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--March 15, 2002 Bovie Medical Corporation ("the Company") (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. : BOVI), a manufacturer and marketer of electrosurgery electrosurgery /elec·tro·sur·gery/ (-ser´jer-e) surgery performed by electrical methods; the active electrode may be a needle, bulb, or disk.electrosur´gical e·lec·tro·sur·ger·y n. products, today announced record revenues and net income for fiscal year ended December December: see month. 31, 2001. Revenues increased to a record $11.5 million representing an 18 percent increase over $9.90 million recorded last year. Net income climbed to $784,293 or $.06 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. . In the year prior the Company reported net income of $500,628 or $.04 cents per share. Andrew Makrides, president of Bovie Medical, stated, "Our record performance reflects continuing growth in demand for our expanding product line; particularly in the area of electrosurgery. During the current fiscal year we will be introducing a new Bovie line of electrosurgery generators for the domestic and international markets." This document may contain some forward looking statements, particularly regarding operations prospects in 2002 and beyond, which involve a number of risks and uncertainties that could cause actual results to differ materially. These risks are listed from time to time in the Company's SEC filings. |
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