Computer Power Inc. reports financial results.HIGH BRIDGE, N.J.--(BUSINESS WIRE)--May 12, 1995--Computer Power Inc. (Symbol:CUWR) today announced that it had recorded a profit of $111,000 or 4 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. , for the first quarter of 1995 as compared to a net loss of $237,000 or (16 cents) per share for the same quarter a year ago. Lindsay Gillette the newly elected president and chief executive officer, stated that Computer Power Inc. was now beginning to reflect the results of the restructuring, refinancing and management changes that were accomplished in the last quarter of 1994. Net revenues from continued operations rose to $3,300,000, a 28% increase from the same quarter a year ago. 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 same quarter last year. 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 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). or NASDQ 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". CONTACT: Computer Power Inc. Louis Massad, 908/638-8000 |
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