Colorado MEDtech Inc. announces first quarter results.BOULDER, Colo.--(HealthWire)--Nov. 11, 1996--Colorado MEDtech 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 :CMED CMED Coordinated Medical Emergency Direction CMED Central Massachusetts Emergency Dispatch ), a Boulder-based medical products and services company, today announced results for its first quarter ended Sept. 30, 1996. Net income in the first quarter increased to $453,333, an increase of 47%, compared to $308,877 in the same quarter last year and earnings per share were 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. compared to 4 cents per share in the same period last year after an approximate 54% increase in the number of fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. equivalent shares outstanding. Sales in the first quarter were $5,288,302, an increase of 25%, compared to $4,219,235 in the same period last year. John V. Atanasoff, president and chief executive officer, said: "We are pleased with our first quarter results which show significant increases in both sales and profitability. This is our 13th consecutive quarter of profitable results." Colorado MEDtech Inc. develops, manufactures, markets and services computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease instrumentation, primarily in the respiratory markets. Its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , RELA Inc., is an integrated, custom product development and manufacturing service company specializing in the design, development and manufacture of electronic and electro-mechanical products and software systems. -0-
Earnings Recap First Quarter First Quarter
Ended Ended
Sept. 30, 1996 Sept. 30, 1995
(unaudited) (unaudited)
Sales & Service $5,288,302 $4,219,235
Net Income $ 453,333 $ 308,877
Net Income Per Share $ .05 $ .04
Wgt. Avg. Shares Outstanding 11,011,962 7,147,430
CONTACT: Colorado MEDtech Inc., Boulder John V. Atanasoff or Bruce L. Arfmann, 303/530-2660 cmed@rela.uucp.netcom.com |
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