Consulier Engineering Reports Net Income for Three Month Period Ended June 30, 1997.TEQUESTA
The Tequesta (also Tekesta, Tegesta, Chequesta, Vizcaynos , Fla.--(BUSINESS WIRE)--Sept. 2, 1997--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 June June: see month. 30, 1997 of $182,188, or $.07 per common share, compared to net income of $265,338 or $.11 per common share, for the three month period in 1996. Six month net income was $365,626, or $.15 per common share compared to net income of $531,924, or $.21 per common share for the six months of 1996. Second quarter net income was reduced $.03 per common share because of expenses related to its new subsidiary, C-6 Products Inc. C-6 Products has costs related to the engineering, development and manufacture of its 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) Handyman and Pro products. The Tool Topper(tm) is a patented concept of ladder mounted work platforms. Consulier had previously announced that it acquired the rights to the Tool Topper(tm) products and hand-held hand-held also handĀ·held adj. Compact enough to be used or operated while being held in the hand or hands: a hand-held video camera. Adj. 1. powered hacksaw. Under the terms of the agreement, C-6 Products Inc. will produce and market the Tool Topper(tm) products and hand-held powered hacksaw. Financial information is summarized as follows: -0-
Three Months Ended Six Months Ended
June 30, June 30, June 30, June 30,
1997 1996 1997 1996
Net revenues $ 923,609 $1,057,826 $1,767,716 $1,855,470
Gross profit $ 368,202 $ 406,542 $ 718,357 $ 681,508
Operating (loss)
income $(116,229) $ 57,416 $ (179,136) $ 21,366
General &
administrative
expense $ 432,785 $ 304,010 $ 816,443 $ 569,678
Research &
development
expense $ 51,646 $ 45,116 $ 81,050 $ 90,464
Investment income $ 350,747 $ 347,562 $ 650,648 $ 725,359
Net income $ 182,188 $ 265,338 $ 365,626 $ 531,924
Average number of
common and common
equivalent shares
outstanding 2,526,551 2,521,077 2,528,233 2,520,109
Earnings per
common share $ .07 $ .11 $ .38 $ .21
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. Ralph Butler 561/842-2492, FAX 561/845-3237 |
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