CSI Computer Specialists Inc. Announces Third Quarter Revenues.ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 17, 1997--CSI Computer Specialists 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 :CSIS Noun 1. CSIS - Canada's main foreign intelligence agency that gathers and analyzes information to provide security intelligence for the Canadian government Canadian Security Intelligence Service , CSISW) announced Monday its financial results for the quarter ended Sept. 30, 1997. The company announced a pre-tax loss of $334,000 with net loss of $205,000 (or 5 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. ) for the quarter ended Sept. 30, 1997 compared to pre-tax earnings of $69,000 with net earnings of $42,000 (or 1 cent per share) for the quarter ended Sept. 30, 1996. Sales were $6.8 million for the quarter ended Sept. 30, 1997, compared with sales of $2.6 million for the quarter ended Sept. 30, 1996. Donald C. Weymer, CSI's chairman and chief executive officer, attributed the loss to higher period costs related to supporting current maintenance contracts as well as costs related to certain inefficiencies that are expected to be eliminated by integrating the three companies acquired earlier this year into CSI's operations. He indicated that he expected that, after doubling sales in 1997 over 1996, improvement on the margins on these sales can be attained at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. through greater economies of scale for the combined companies, as well as a coordinated cross-marketing campaign for all of the services and products that can now be offered to each entity's existing customer base and also to new markets not previously targeted. -0-
Quarter ended Nine months ended
Sept. 30, Sept. 30,
1997 1996 1997 1996
-------- -------- -------- --------
Sales (in thousands) $6,811 $2,556 $17,490 $8,286
Earnings (loss) before
taxes (in thousands) (334) 69 (204) 374
Net income (loss)
(in thousands) (205) 42 (125) 235
Earnings (loss) per share (.05) .01 (.03) .06
-0- CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International Computer Specialists Inc. is in the business of providing a full range of computer hardware services, including sales and maintenance of mainframe and midrange computer A medium-sized computer system or server. Midrange computers encompass a very broad range and reside in capacity between high-end PCs and mainframes. They cost from $25,000 to more than a million. IBM's AS/400s (iSeries) and HP's 3000 and Alpha families are examples. equipment and parts, network design and installation, computer upgrades, and installation and de-installation of equipment. The company provides its services to commercial customers, agencies of the federal, state and local governments, and universities, hospitals, and associations, primarily in the Mid-Atlantic region of 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. . CONTACT: CSI Computer Specialists Inc. Donald C. Weymer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 301/921-8860 |
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