Consulier Engineering Reports First Quarter Earnings and 1999 Outlook.TEQUESTA
The Tequesta (also Tekesta, Tegesta, Chequesta, Vizcaynos , Fla.--(BUSINESS WIRE)--May 19, 1998--Consulier Engineering 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 :CSLR CSLR Center for Spoken Language Research (University of Colorado at Boulder) CSLR Center for the Study of Law and Religion (Emory University School of Law; Atlanta, Georgia) ) of Tequesta, reported net income for the three month period ended March 31, 1998 of $28,202 or $.01 per common share, compared to net income of $183,438 or $.07 per common share, for the three month period in 1997. Net income was lower in the first quarter primarily because of the increase in selling, general and administrative expenses. These expenses increased 26% in the first quarter from $383,658 to $484,756. The primary reason for the increase was pre-production expenses related to the engineering, development and manufacturing of the Tool Topper Topper house he purchases is haunted by the young couple who owned it previously and their dog. [Am. Lit., Cin., TV: Topper in Halliwell, 718] See : Ghost Topper Hopalong Cassidy’s faithful horse. (tm) ladder mounted work platforms. "The outlook for 1999 is very promising," said Warren Mosler, chairman of the board of Consulier. "It appears sales are rebounding and the new facilities occupied by Southeast Automotive (distributor of auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
n.pl the costs that do not change to meet fluctuations in enrollment or in use of services (e.g., salaries, rent, business license fees, and depreciation). and increased operating efficiency. CRA-Z Soap sales continue to increase, with the first quarter doubling from last year. We expect more dramatic increases as the year continues, this due to hiring of salespeople sales·peo·ple pl.n. Persons who are employed to sell merchandise in a store or in a designated territory. and the introduction of CRA-Z Soap to the internet. The Tool Topper(tm) ladder top workstation will be ready for production in August 1998, with a production capacity of 40,000 units per month or approximately $750,000 per month of gross revenues. Bio Safe is steadily increasing its sales and will also contribute to 1999 earnings. We are projecting $0.60 per share pre-tax earnings for 1999." Financial information is summarized as follows: -0-
CONSULIER ENGINEERING INC.
Three Months Ended
March 31, 1998 March 31, 1997
Net revenues $ 636,228 $ 844,107
Gross profit $ 301,946 $ 350,155
Operating loss $(219,322) $ (62,907)
General & administrative expense $ 484,756 $ 383,658
Research & development expense $ 36,512 $ 29,404
Investment income $ 250,747 $ 299,901
Net income $ 28,202 $ 183,438
Average number of common
and common equivalent
shares outstanding 2,482,468 2,523,125
Basic and diluted
earnings per share $ .01 $ .07
Consulier Engineering Inc.'s Common Stock trades on the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. under the NASDAQ symbol CSLR. CONTACT: Consulier Engineering Inc., Tequesta Michael G. Maguire 561/745-9149, FAX 561/746-3042 |
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