Capitol Multimedia, Inc. releases fiscal year 1995 pro forma quarterly results.BETHESDA Bethesda, city, United States Bethesda, uninc. city (1990 pop. 62,936), Montgomery co., W central Md., an affluent residential and commercial suburb of Washington, D.C. The area was settled in the late 17th cent. , Md.--(BUSINESS WIRE)-- Nov. 13, 1995--Capitol Multimedia, Inc. (Nasdaq: CDIM CDIM Clerkship Directors in Internal Medicine CDIM Context-Driven Information Model CDIM Change Delivery & Implementation Manager CDIM Conditioned Di-Phase Modem , CDIMW, or "the Company"), today released its fiscal year 1995 pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma quarterly statements of operations. Last month, the Company reported net income of approximately $2.66 million and $2.69 million or $.48 and $.49 per share for the three and six month periods ending September September: see month. 30, 1995. Approximately $2.5 million, or $.44 per share, related to the Company's August 11, 1995 gain on the sale of certain CD-i professional assets. The Company acquired 825,088 shares of its own common stock in connection with the transaction. On a pro forma basis, excluding all CD-i professional activities, the Company posted earnings of approximately $253,000 and $405,000 or $.05 and $.08 per share for the three and six months ended September 30, 1995. Presented below are pro forma quarterly statements of operations, excluding all CD-i professional activities, for the Company's fiscal year ended March 31, 1995. Capitol Capitol, seat of the U.S. Congress Capitol, seat of the U.S. government at Washington, D.C. It is the city's dominating monument, built on an elevated site that was chosen by George Washington in consultation with Major Pierre L'Enfant. Multimedia, Inc. is a leading developer and publisher of primarily childrens CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). animated interactive story and adventure titles for the consumer market. The Company currently employs 120 people with offices in Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from ; Concord, Massachusetts Concord is a town in Middlesex County, Massachusetts, in the United States. As of the 2000 Census, the town population was about 17,000. Although a small town, Concord is noted for its leading roles in American history and literature. ; and St. Peterburg, Russia Russia, officially the Russian Federation, Rus. Rossiya, republic (2005 est. pop. 143,420,000), 6,591,100 sq mi (17,070,949 sq km). . -0-
CAPITOL MULTIMEDIA INC.
PRO FORMA QUARTERLY STATEMENTS OF OPERATIONS
(EXCLUDING PROFESSIONAL CD-i OPERATIONS)
Three Months Ended Year Ended
June 30, September 30, December 31, March 31, March 31,
1994 1994 1994 1995 1995
(Unaudited) (Unaudited)
Net sales $984,096 $889,419 $655,552 $489,588 3,018,655 Cost of Sales 361,543 322,136 373,272 1,305,225 2,362,176 Amortization of capitalized software 21,770 55,082 112,916 2,425,940 2,615,708 Gross profit 600,783 512,201 169,364 (3,241,577) (1,959,229) Selling & adminstrative expenses 610,798 530,021 491,653 484,783 2,117,255 Depreciation & amortization 20,794 18,595 35,857 39,299 114,545 Income (loss) from operations (30,809) (36,415) (358,146) (3,765,659) (4,191,029) Nonoperating income: Gain on sale of assets 47,234 --- --- --- 47,234 Net Income (loss) 16,425 (36,415) (358,146) (3,765,659) (4,143,795) Net income (loss) per share 0.00 (0.01) (0.07) (0.78) (0.86) Weighted average shares outstanding 4,809,814 4,811,449 4,811,449 4,811,449 4,811,040 Note: Common share equivalents have been excluded from the computation of net income (loss) per share for all periods presented as their effect is either immaterial or anti-dilutive.
PRO FORMA QUARTERLY COMPOSITION OF NET SALES
(EXCLUDING PROFESSIONAL CD-i OPERATIONS)
Three Months Ended Year Ended
June 30, September 30, December 31, March 31, March 31,
1994 1994 1994 1995 1995
(Unaudited) (Unaudited)
Software development revenues $ 228,247 $ 267,861 $ 378,162 $ 305,043 $1,179,313 Consumer software sales & royalties 83,810 71,299 138,040 89,703 382,852 Licensing & distribution fees 587,560 445,914 52,286 0 1,085,760 Other income 84,479 104,345 87,064 94,842 370,730 Total net sales 984,096 889,419 655,552 489,588 3,018,655 CONTACT: Capitol Multimedia Inc., Bethesda Investor Relations Investor relations The process by which the corporation communicates with its investors. , 301/907-7000 ext. 808 or E-mail: donovan Don·o·van , William Joseph Known as "Wild Bill." 1883-1959. American army officer and public official who founded and directed (1942-1945) the Office of Strategic Services, an intelligence-gathering agency that was a forerunner of the CIA. @capitol.com |
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