Correcting Operating Income for three months ended figure in Dynamic Healthcare Technologies Inc. release issued November 8.MAITLAND Maitland, city (1991 pop. 45,209), New South Wales, SE Australia, on the Hunter River. It is a railroad junction and agricultural center with light manufacturing. Maitland began as a convict settlement in 1824. The river has flooded in 1893, 1949, and 1955. , Fla.--(BUSINESS WIRE)--Nov. 8, 1995--Dynamic Healthcare Technologies Inc. ("the Company":DHTI DHTI Digital Home Technology Integration ) today announced operating results for the third quarter ended September 30, 1995. The Company reported revenues of $2,213,000 and net earnings of $148,000 for the three months then ended. This represents the first quarter of profitability in two years. Reported revenues represent a 32 percent increase over revenues of $1,675,000 reported for the same period a year ago. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $252,000 was reported for the three months ended September 30, 1995, representing a $958,000 improvement over results of the same period last year. For the nine months ended September 30, 1995, support, maintenance and other revenues increased by $1,544,000, representing a 43 percent growth over similar revenues reported for the same period in 1994. Application software license revenues reported for the nine months ended September 30, 1995 also increased by more than 35 percent over those reported for the same period a year ago. As a result of the Company's shift in focus from the sales of computer equipment to software and services, revenues from computer equipment for the nine months ended September 30, 1995 decreased by over $748,000 as compared to those reported for the same period in 1994. This decline was more than offset by the increase in support, maintenance and other revenues. Total operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. for the nine months ended September 30, 1995 increased to $6,715,000, an increase in excess of $1,354,000, or 26% over total operating revenues for the same period one year ago -- despite the decrease in hardware sales. -0-
SELECTED FINANCIAL DATA
(in thousands except per share data)
Three Months Ended Nine Months Ended
September 30 September 30
1995 1994 1995 1994
------ ------ ------- -------
Total operating revenues $2,213 $1,675 $6,715 $5,331
Operating Income (Loss) $ 252 $(706) $(251) $(1,578)
Net Earnings (Loss) $ 148 $(737) $(557) $(1,631)
Earnings (Loss) per share $ 0.02 $(0.13) $(0.09) $(0.30)-0-
Management is pleased to report a return to profitability this soon after completing the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). . The Company now intends to complete it Refinancing Refinancing An extension and/or increase in amount of existing debt. Plan, intensify in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: efforts to improve its product and service offerings and seek market expansion opportunities. Dynamic Healthcare Technologies Inc. is a software developer and marketer of imaging, laboratory, anesthesiology anesthesiology (ăn'ĭsthē'zēŏl`əjē), branch of medicine concerned primarily with procedures for rendering patients insensitive to pain, and for supporting life systems under the strains of anesthesia and surgery. and other specialty products and services in the healthcare information systems industry. The Company's mission is to provide its clients with the software, technologies and services which leverage their investment in existing information systems, and to aggressively bring to market emerging solutions that support the new and diverse healthcare environments and business strategies of the nineties. CONTACT: Dynamic Healthcare Technologies Inc. Mary Lu Lander, Vice President, Marketing (media) or Mitchel J. Laskey President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (investor) 1-800-832-3020 |
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