Cellular Technical Services reports first profit; Third quarter net is $0.23 per share.SEATTLE--(BUSINESS WIRE)--Nov. 2, 1994--Cellular Technical Services Company Inc. (Nasdaq NM Symbol:CTSC CTSC Cathepsin CTSC Clinical and Translational Science Center (University of California at Davis) CTSC Chenega Technology Services Corporation CTSC Canadian Technical Security Conference (Burlington, ON, Canada) ) ("CTS (1) (Clear To Send) The RS-232 signal sent from the receiving station to the transmitting station that indicates it is ready to accept data. Contrast with RTS. (2) (Common Type System) The data typing used in . ") today announced that it achieved its first profitable quarter with net income of $2.54 million, or 23 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. , on revenue of $5.13 million for the three month period ending Sept. 30, 1994. Results for the comparable 1993 period were a net loss of $297,000, or (3 cents) per share, on revenue of $1.29 million. Revenue for the nine-month period ended Sept. 30, 1994 was $7.6 million, compared with $3.8 million in the same period last year. Net profit for the period was $1.5 million, or 13 cents per share, compared with a loss of $1.1 million, or (13 cents) per share, in the first nine months of 1993. Bob Dahut The term Dahut or dahut can refer to:
Contraction of we are. we're we are adding resources to our already talented technical team and vastly improving our sales and marketing efforts. While we expect the long sales cycle and complex contract negotiations that characterize our business to result in some uneven quarters in the future, on a full-year basis we expect to see significant revenue and profit growth in 1995 and beyond." Cellular Technical Services develops, markets and supports real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. information management systems for the wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. industry. The company's innovative technologies and open systems philosophy help cellular carriers obtain real-time information and maximize value, control and flexibility of their systems.
Selected Financial Results
Three months ended Nine months ended
Sept. 30, Sept. 30,
1994 1993 1994 1993
Revenue $5,125,181 $1,287,437 $7,579,498 $3,749,541
Net loss $2,544,149 $ (296,559) $1,446,538 $(1,125,454)
Net loss per common
share $0.23 $(0.03) $0.13 $(0.13)
Weighted average shares
outstanding 10,864,606 8,675,218 10,932,122 8,658,000
CONTACT: Lippert/Heilshorn & Associates
Laura Wilker, ext. 106
Bharti Malkani, ext. 119
212/838-3777
or
Cellular Technical Services Co. Inc.
Joseph D. Pititto, 516/887-0494
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