COMPUMED ANNOUNCES RESULTS FOR SECOND FISCAL QUARTER AND CONTRACT WITH CHARTER MEDICAL.MANHATTAN BEACH Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. , Calif.--(BUSINESS WIRE)--May 24, 1995--CompuMed, 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 :CMPD CMPD Charlotte-Mecklenburg Police Department (Charlotte, NC) CMPD Compound CMPD Chronic Myeloproliferative Disorder CMPD Campomelic Dysplasia CMPD Custom Microcomputer Program Design ) today announced revenue and earnings results for the second quarter of the 1995 fiscal year ended March 31, 1995. Total revenues for the second quarter ended March 31, 1995 were $677,000, up 27 percent over the same period last year. Most of this increase was $106,000 in revenue received from real estate leases, which the company did not have in 1994. However, there was a modest $45,000 increase in EKG EKG: see electrocardiography. revenue which demonstrates that this business has stabilized from previous declines. Net loss for the second quarter was $455,000 or $0.08 per share compared to $2,512,000, or $0.60 per share in the same period last year. The second quarter of 1994 included $1,569,000 of expenses resulting from the acquisition and immediate write-off of the rights to Detoxahol. The Company has also signed an agreement with Charter Medical Corp. to offer electrocardiograph e·lec·tro·car·di·o·graph n. Abbr. ECG, EKG An instrument used in the detection and diagnosis of heart abnormalities that measures electrical potentials on the body surface and generates a record of the electrical currents associated with services to its 120 locations nationwide. Charter Medical Corp. is the largest investor-owned provider of behavioral healthcare in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . CompuMed was selected based on its experience in operating a computerized telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. for producing electrocardiograms on a real-time basis. The company has already installed five EKG systems with Charter. CompuMed, based in Manhattan Beach, is focused on providing solutions to important medical problems through the use of computer technology. In addition to its cardiac telemedicine ("long distance" medicine) Using a videoconferencing link to a large medical center in order that rural health care facilities can perform diagnosis and treatment. A specialist can monitor the patient remotely taking cues from the general practitioner or nurse who is actually examining business, the company currently markets the OsteoGram(R) a test that utilizes computer image analysis of simple hand x-rays to assess bone mineral density bone mineral density n. See bone density. bone mineral density A measurement of bone mass, expressed as the amount of mineral–in grams divided by the area scanned in cm2. See Bone densitometry. . CompuMed is also developing Detoxahol(TM), a substance and delivery technology to facilitate the rapid reduction of blood alcohol levels in people who have been drinking. -0-
Compumed Inc.
Selected Financial Data
for Six Months Ended March 31,
(Unaudited, $ in 000, except per share data)
Three Months Ended Six Months Ended
March 31, March 31,
1995 1994 1995 1994
Revenues:
ECG $ 474 $ 429 $ 930 $ 827
OsteoGram(R) 95 101 269 259
Real estate leases 106 -- 238 --
Other 2 1 3 2
677 531 1,440 1,088
Net loss $(455) $(2,512) $(784) $(2,851)
Net loss per share (0.08) (0.60) (0.15) (0.76)
Average shares
outstanding 5,599,600 4,188,300 5,204,400 3,736,500
CONTACT: CompuMed Inc. Rod N. Raynovich 310/643-5106, ext. 299 or Noonan/Russo Communications Inc. 212/696-4455 Anthony J. Russo, Ph.D., ext 202 or Richard Tammero, ext. 222 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion