Computer Power, Inc. makes announcement.HIGH BRIDGE, N.J.--(BUSINESS WIRE)--August 14, 1995--Computer Power, Inc. (Symbol CUWR) today announced that it had recorded a profit of $124,000, or $.04 per share, for the second quarter of 1995 as compared to a net loss of $63,000, or ($.04) per share for the same quarter a year ago. For the six months ended June 30, 1995 profits were $235,000 or $.08 per share as compared to a net loss of $300,000 or ($.20) per share for the six months ended June 30, 1994. Mr. Lindsay Gillette, president and chief executive officer, stated that Computer Power Inc., is reflecting the results of the restructuring, refinancing Refinancing An extension and/or increase in amount of existing debt. and management changes that were accomplished in the last quarter of 1994. Net revenues from continued operations for the second quarter of 1995, rose to $3,500,000, a 45% increase from the same quarter a year ago. For the six months ended June 30, 1995 net revenues from continued operations rose to $6,800,000, a 41% increase from the six months ended June 30, 1994. Cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold and selling, general and administrative expenses as a percentage of revenues have all decreased as compared to the comparable periods a year ago. Computer Power Inc., is a manufacturer and supplier of uninterruptible power supplies See UPS. (hardware) Uninterruptible Power Supply - (UPS) A battery powered power supply unit that is guaranteed to provide power to a computer in the event of interruptions in the incoming mains electrical power. , exit sign retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in kits and related products. Computer Power Inc., is an over-the-counter company quoted on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). non-NASDAQ OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. with the symbol "CUWR." For further information call Louis Massad, chief financial officer of Computer Power Inc., 908/638-8000. CONTACT: Computer Power Inc. Louis Massad 908/638-8000 |
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