Printer Friendly

COMPUTER DEVICES REPORTS 1991 THIRD QUARTER RESULTS

 COMPUTER DEVICES REPORTS 1991 THIRD QUARTER RESULTS
 NUTTING LAKE, Mass., Nov. 12 /PRNewswire/ -- Computer Devices, Inc.


reported losses of $20,000 and $260,000 for the quarter and nine months ended September 1991 vs. losses of $138,000 and $302,000 for the quarter and nine months ended September 1990. Total revenues amounted to $803,000 and $1,841,000, respectively, for the 1991 periods vs. $519,000 and $2,255,000 for 1990.
 Operating expenses during 1991 and 1990 include research and development expenses which were directly related to the operations of Neuro-Therapeutics, Inc., a development-stage company acquired in January 1989. These expenses amounted to $48,000 and $184,000, respectively, for the 1991 periods vs. $87,000 and $310,000 for 1990.
 COMPUTER DEVICES INC. AND SUBSIDIARIES
 Comparative Consolidated Summary of Income
 (000s omitted except per share amounts)
 Three Months Ended Nine Months Ended
 9/91 9/90 9/91 9/90
 Revenues $803 $519 $1,841 $2,255
 Cost of revenues 545 321 1,194 1,331
 Gross margin 258 198 647 924
 Operating expenses 297 404 981 1,357
 Operating income/(loss) (39) (206) (334) (433)
 Interest and other income 19 68 74 131
 Income (loss) before taxes (20) (138) (260) (302)
 Provision for taxes --- --- --- ---
 Net income (loss) (20) (138) (260) (302)
 Net income (loss) per
 share (1 cent) (4 cents) (8 cents) (9 cents)
 Average number of common
 and common equivalent
 shares outstanding 3,350 3,350 3,350 3,343
 -0- 11/12/91
 /CONTACT: Eb Rau of Computer Devices, 508-663-4980/
 (CIDN) CO: Computer Devices, Inc. ST: Massachusetts IN: CPR SU: ERN SH -- NE010 -- 3494 11/12/91 13:19 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 12, 1991
Words:277
Previous Article:THE TIMKEN COMPANY BREAKS GROUND FOR NEW BEARING PLANT IN NORTH CAROLINA
Next Article:RTC INVESTIGATORS ENTER SPECIAL TRAINING PROGRAM LED BY CHICAGO-BASED CS&R CHECKMATE CONSULTING


Related Articles
3-D SYSTEMS ANNOUNCES RESULTS FOR THIRD QUARTER
TELXON REPORTS RECORD-SETTING FY92 THIRD-QUARTER REVENUE; RISE IN NET INCOME
TELXON REPORTS RECORD-SETTING FY92 THIRD-QUARTER REVENUE; RISE IN NET INCOME
CNS REPORTS SECOND QUARTER
IRVINE SENSORS REPORTS THIRD QUARTER RESULTS
CNS, INC. REPORTS THIRD QUARTER SALES AND EARNINGS
CNS, INC. REPORTS THIRD QUARTER SALES AND EARNINGS
NATIONAL DATACOMPUTER, INC. REPORTS $84,926 PROFIT FOR THIRD QUARTER
COMPUTER DEVICES, INC. REPORTS 1992 THIRD QUARTER RESULTS
COMPUTER DEVICES, INC. REPORTS 1992 THIRD QUARTER RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters