Capitol Multimedia, Inc. reports 1st fiscal quarter earnings.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)--Aug. 15, 1996--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 reported net income of $81,740 or $.02 per share on revenues of $1,012,549 for the quarter ended June June: see month. 30, 1996. This compares to net income of $30,499 or $0.01 per share on revenues of $1,396,181 for the quarter ended June 30, 1995. On a 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 basis, which excludes all CD-i professional activities, the Company previously reported a June 30, 1995 quarterly net income of $151,497 or $.03 per share on revenues of $1,044,131. In July July: see month. 1996, the Company announced the release of Gregory and the Hot Air Balloon This article is about hot air balloons themselves. For the associated activity, see Hot air ballooning. The hot air balloon is the oldest successful human-carrying flight technology, dating back to its invention by the Montgolfier brothers in Annonay, and Darby Darby, borough (1990 pop. 11,140), Delaware co., SE Pa., a suburb adjacent to Philadelphia; settled by Quakers 1682, inc. 1853. Although residential, it has some manufactures. One of the oldest settlements in the state, it retains many colonial landmarks. The Dragon dragon, mythical beast usually represented as a huge, winged, fire-breathing reptile. For centuries the dragon has been prominent in the folklore of many peoples; thus, its physical characteristics vary greatly and include combinations of numerous animals. , two of its interactive animated adventures, by Broderbund Software, Inc. (Nasdaq: BROD BROD Big Bike Riders of Dagupan (Motorcycle Club in the Philippines) ), a leading publisher and distributor of interactive children's entertainment and educational software for both the home and school markets. The combined Windows/Macintosh 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). titles captivate, entertain, and teach children ages 4-8 and are part of a Broderbund line of products known as StoryQuests(TM). The Company's international folk tale titles -- Baba Yaga Baba Yaga cannibalistic crone; stone-breasted companion of devil. [Russ. Folklore: Leach, 100] See : Witchcraft and the Magic Geese geese domestic geese which were derived from the wild goose Anser anser. There are many other species in this genus and in the other genus of geese, the Branta spp. of which Branta canadensis is typical. , a Russian Russian associated in some way with Russia. Russian blue a breed of cats with short, dense, silver-tipped blue-colored coat and vivid green eyes. folk tale; Imo and the King, an African folk tale; and The Little Samurai samurai (sä'm  rī`), knights of feudal Japan, retainers of the daimyo. This aristocratic warrior class arose during the 12th-century wars between the Taira and Minamoto clans and was , a Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and folk tale, were released for
distribution under Davidson Da·vid·son , Jo(seph) 1883-1952.American sculptor best remembered for his vigorous portrait busts of Woodrow Wilson, Franklin D. Roosevelt, and Albert Einstein, among others. & Associates, Inc.'s Magic Tales(TM) product line during fall 1995. The titles are currently available on a combined Windows/Macintosh CD-ROM at most major computer retail stores, mass merchants, and toy stores A toy store, or toy shop, is a retail business specializing in the services of selling toys. No longer held to the limitations of the brick and mortar outlet, the toy store has successfully created a presence within the e-commerce industry. . Three additional titles in the Magic Tales(TM) series, Liam LIAM Life Insurance Awareness Month (NAIFA) LIAM Life Insurance Association of Malaysia LIAM Lock-on Image Based Aiming Module Finds a Story, an Irish folk tale; Sleeping Cub's Test of Courage, a Native American folk tale; and The Princess and the Crab, an Italian folk tale, are scheduled for release in fall 1996. 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. with offices in Bethesda, MD; Concord Concord, cities, United States Concord (kŏng`kərd, kŏn`kôrd'). 1 city (1990 pop. 111,348), Contra Costa co., W central Calif.; settled c.1852, inc. 1906. , MA; and St. Petersburg, Russia employs more than 175 professionals, including animators Famous animators no longer living
To find out more about Capitol Multimedia look for us at our new web site: http://www.capitol.com -0-
Capitol Multimedia, Inc.
Financial Highlights
Quarter Ended June 30 Pro Forma(a)
Quarter Ended June 30
1996 1995 1996 1995
--- (Unaudited) --- --- (Unaudited) ---
Net sales 1,012,549 1,396,181 1,012,549 1,044,131 Operating income (loss) 36,137 (84,624) 36,137 89,465 Net income 81,740 30,499 81,740 151,497 Net income per share .02 .01 .02 .03 Weighted average number of shares outstanding 4,832,065 5,640,042 4,832,065 4,814,954
June 30 March 31
1996 1996
(Unaudited)
Cash, cash equivalents and short-term investments 4,209,505 4,324,368 Current assets 5,624,692 5,502,115 Total assets 7,311,122 7,145,485 Total liabilities 420,191 336,294 Shareholder's equity 6,890,931 6,809,191 (a) Excluding Professional CD-i Operations
Capitol Multimedia, Inc.
Consolidated Balance Sheets
June 30 March 31
1996 1996
Assets (Unaudited)
Current assets:
Cash and cash equivalents $ 1,773,112 $ 1,961,393
Short-term investments 2,436,393 2,362,975
Accounts receivable, less
allowance for doubtful accounts
of $12,500 at June 30, 1996 and
March 31, 1996 744,928 503,306
Notes and guaranteed
royalties receivable 500,000 500,000 Prepaid expenses and other current assets 170,259 174,441 Total current assets 5,624,692 5,502,115
Property and equipment:
Technical equipment 1,098,651 1,070,337
Leasehold improvements 23,291 ---
Furniture and fixtures 44,163 44,163
Other equipment 110,501 94,176
1,276,606 1,208,676
Less: accumulated depreciation (885,487) (841,861)
391,119 366,815
Notes and guaranteed royalties receivable 1,262,830 1,244,074 Other long term assets 32,481 32,481 Total assets $ 7,311,122 $ 7,145,485 Liabilities and shareholders' equity Current liabilities: Accounts payable and accrued liabilities $ 305,180 $ 173,019 Unearned revenue and deferred rent 21,343 66,160 Total current liabilities 326,523 239,179 Other long term liabilities 93,668 97,115 Total liabilities 420,191 336,294 Commitments
Shareholders' equity:
Common stock, $.10 par value;
10,000,000 shares authorized,
5,657,153 shares issued
and outstanding at June 30, 1996
and March 31, 1996 565,715 565,715
Additional paid-in capital 15,817,202 15,817,202
Accumulated deficit (7,441,642) (7,523,382)
8,941,275 8,859,535
Less treasury stock, at cost, 825,088 shares at June 30, 1996 and March 31, 1996 (2,050,344) (2,050,344) Total shareholders' equity 6,890,931 6,809,191 Total liabilities and shareholders' equity $7,311,122 $7,145,485
Capitol Multimedia, Inc.
Consolidated Statements of Operations
Qtr Ended Qtr Ended
June 30,1996 June 30,1995
(Unaudited)
Net sales $ 1,012,549 $ 1,396,181 Operating expenses: Research and development 549,152 796,268 Depreciation and amortization 43,626 186,157 General and administrative 383,634 498,380 Total operating expenses 976,412 1,480,805 Operating income (loss) 36,137 (84,624) Other income: Interest and other income, net 60,003 62,332 Gain on sale of assets -- 52,791 Income before income taxes 96,140 30,499 Provision for income taxes 14,400 --- Net income $ 81,740 $ 30,499 Net income per share $ .02 $ .01 Weighted average number of shares outstanding 4,832,065 5,640,042
Pro Forma Statements of Operations
(Excluding Professional CD-i Operations)
Qtr Ended Qtr Ended
June 30 1996 June 30 1995
(Unaudited)
Software development revenue $ 623,500 $ 781,150
Consumer software sales & royalties 389,049 186,040
Licensing & distribution fees -- 76,941
Total net sales 1,012,549 1,044,131
Operating expenses:
Research and development 549,152 511,982
Depreciation and amortization 43,626 34,014
General and administrative 383,634 408,670
Total operating expenses 976,412 954,666
Operating income 36,137 89,465 Other income: Interest and other income, net 60,003 65,124 Income before income taxes 96,140 154,589 Provision for income taxes 14,400 3,092 Net income $ 81,740 $ 151,497 Net income per share $ .02 $ .03 Weighted average number of shares outstanding 4,832,065 4,814,954 CONTACT: Capitol Multimedia, Inc. Bob Bogin, President & 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) 907-7000 ext. 838 E-mail: bogin@capitol.com |
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