CAM Data Systems Inc. announces first quarter earnings up 92 percent.FOUNTAIN VALLEY Fountain Valley, city (1990 pop. 53,691), Orange co., S Calif.; inc. 1957. Chiefly residential, Fountain Valley also has diverse manufactures, including apparel, computer equipment, semiconductors, and medical equipment. A U.S. navy helicopter facility is there. , Calif.--(BUSINESS WIRE)--Jan. 22, 1996--CAM Data Systems Inc. (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 :CADA CADA Canadian Automobile Dealers Association CADA Capitol Area Development Authority CADA Canadian Alliance of Dance Artists CADA Central Area Development Association CADA California Association of Directors of Activities (Santa Cruz, CA) ), which designs, develops, markets and services point of sale, inventory management and accounting systems for small to medium-size Adj. 1. medium-size - intermediate in size medium-sized, moderate-size, moderate-sized sized - having a specified size retailers, Monday Monday: see week. announced that earnings for the company's fiscal 1996 first quarter ended Dec. 31, 1995 rose 92% to $161,500 or 8 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 to $84,200 or 4 cents per share for the first quarter ended Dec. 31, 1994. Revenues declined 11% from $3.7 million for the three month period ended Dec. 31, 1994 to $3.3 million for the three month period ended Dec. 31, 1995. The company stated that the increase in earnings was a function of improved efficiencies in the company's expense structure, combined with decreased expenses from the sale of the Silver Plus division. The decrease in revenues was primarily the result of a reluctance on the part of retailers to take delivery of and install a new point of sale system during a busy and somewhat uncertain holiday season, combined with less service revenue related to the sale of its Silver Plus division in 1995. The company expects sales to increase for the second quarter and for the remainder of the year. -0-
CAM Data Systems Inc.
Condensed Statements of Income
(unaudited)
Three Months Ended
Dec. 31,
1995 1994
Revenues: Total net revenues $3,328,600 $3,742,800
Costs and expenses:
Total costs of revenues 1,558,900 1,914,800
Selling, general and
administrative expenses 1,283,800 1,483,600
Research and development expense 256,800 219,200
Interest income (35,700) (12,00)
Total costs and expenses 3,063,800 3,605,600
Income before taxes 264,800 137,200 Provision for income taxes (103,300) (53,000) Net income $ 161,500 $ 84,200 Primary net income per share 8 cents 4 cents Fully diluted net income per share 8 cents 4 cents Shares used in computing primary net income per share 2,094,300 1,954,600 Shares used in computing fully diluted net income per share 2,095,300 2,027,300 CONTACT: CAM cam, mechanical device cam, mechanical device for converting a rotating motion into a reciprocating, or back-and-forth, motion, or for changing a simple motion into a complex one. Data Systems, Fountain Valley Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved. Caceres, 714/241-9241 |
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