Criticare Systems, Inc. Releases Preliminary Record Sales Results for Fiscal Year 2003 Second Quarter.Business Editors MILWAUKEE--(BUSINESS WIRE)--Jan. 14, 2003 CRITICARE SYSTEMS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ-NMS:CXIM). Criticare Systems, Inc. (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ) today released preliminary sales results for its fiscal second quarter and the first six months of fiscal 2003 ending December 31, 2002. Record sales and shipments were recorded for the fiscal second quarter of 2003 of $9.1 million. This compares to $7.4 million for the same quarter of fiscal 2002, an increase of $1.7 million or 23%. For the first fiscal six months, revenue was $15.4 million compared to $12.9 million for the same period last year, an increase of $2.5 million or 20%. Complete financial results will be released pending audit review and sign off. CSI president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Emil Soika stated, " We are very pleased with the first six months performance. All CSI business segments, domestic, international, military and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and , were at or exceeded their fiscal 2003 sales goals. Major sales contributors included the recent release of the first of a proprietary line of anesthesia monitoring products and a new family of transport monitors. In the remainder of our fiscal year we will continue product expansion within these categories and expect to significantly advance our OEM partnerships." CSI (www.csiusa.com) designs, manufactures, and markets cost-effective patient monitoring systems and noninvasive non·in·va·sive adj. 1. Not penetrating the body, as by incision. Used especially of a diagnostic procedure. 2. Not invading healthy tissue. sensors for a wide range of hospitals and alternate health care environments throughout the world. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements refer to the Company's beliefs and expectations. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those described. Such uncertainties include, but are not limited to, the timely completion of new products, regulatory approvals for new products, the risk of new and better technologies, risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc international markets, as well as general conditions and competition in the company's markets. Other risks are set forth in CSI's reports and documents filed from time to time with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion