Computer Concepts Corp. reports first half 1995 financial results.BOHEMIA Bohemia, Czech Čechy, historic region (20,368 sq mi/52,753 sq km) and former kingdom, in W and central Czech Republic. Bohemia is bounded by Austria in the southeast, by Germany in the west and northwest, by Poland in the north and northeast, and by , N.Y.--(BUSINESS WIRE)--Sept. 1, 1995--Computer Concepts Corp. (NASDAQ-CCEE) reported in its Form 10-Q Form 10-Q See 10-Q. for the six month period ended June 30, 1995, filed with the SEC last week, revenues for the three and six months ended June 30, 1995 were $3,610,000 and $7,718,000 as compared to revenues of $2,421,000 and $4,784,000 for the three and six months ended June 30, 1994 which represent 49% and 61% increases respectively over the comparable 1994 periods. The net loss for the three and six month period ended June 30, 1995, was $5,194,000 and $8,132,000, and the net loss per share for the respective periods was $0.12 and $0.20, as compared to net losses of $1,099,000 and $1,778,000, or $0.05 and $0.08 per share, for the comparable 1994 periods. The loss for the six months ended June 30, 1995 included approximately $1,567,000 of non-recurring charges, the majority of which related to its Superbase Inc. subsidiary. Sales, marketing and general and administrative cost administrative cost Managed care A cost incurred by the 'business' end of a health care facility or university–eg, staffing and personnel costs, nursing home and hospital administration, insurance, and overhead expenses. Cf Indirect costs. increases were primarily attributable to the company's Maplinx subsidiary, acquired Dec. 31, 1994, and its Softworks Inc. subsidiary, whose increased sales, marketing and general and administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. during the six months ended June 30, 1995, were planned expenditures in anticipation of generating future revenue increases. Daniel DelGiorno Jr., Computer Concepts Corp.'s president, noted that in the latter part of the second quarter, the company had taken significant steps to reduce the expenses of the company which will be fully reflected in future periods, and further noted that discussions for the licensing of the company's d.b.Express software technology are continuing, and if successful, should have a positive impact on the company's future results. EDITOR'S NOTE Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. Founded in 1989, Computer Concepts Corp. develops and markets, through a number of market focused business units, software tools that help organizations develop and operate business-critical applications. The company markets its unique d.b.Express line of information delivery software to allow instantaneous in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. delivery of data to users without the need for programming. The company's Softworks, Inc. subsidiary is a leading provider of systems and data management software tools for large systems and client/server environments A networking environment that is made up of clients and servers running applications designed for client/server architecture. See client/server. . The company's Maplinx Inc. subsidiary provides Maplinx for Windows, the leading full featured and affordably priced database mapping software package available for business professionals. CONTACT: Corporate Contact: Leigh Sbanks 516/244-1500 or Investor Relations Investor relations The process by which the corporation communicates with its investors. : Mark Kabbash 212/551-7825 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion