Criticare Systems Inc. (NASDAQ) announces fiscal 1995 second quarter results.MILWAUKEE--(BUSINESS WIRE)--Jan. 17, 1995--Criticare Systems 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 :CXIM), a manufacturer and marketer of medical monitoring equipment, today reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the second quarter of fiscal 1995 of $7,463,075 compared to $7,716,663 recorded in the same period in fiscal 1994. Earnings for the quarter ended Dec. 31, 1994 were $152,800, or 2 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. vs. a loss of $522,362 or (8 cents) per share for the same period last year, of which (5 cents) per share was attributable to the fiscal 1994 restructuring charge restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. . Gerhard Von Von. For some German names beginning thus, see under the proper name; e.g., for Otto von Bismarck, see Bismarck, Otto von. (Voice On the Net, Video On the Net) A trade show sponsored by pulver. der Ruhr Ruhr (r  r), region, c.1,300 sq mi (3,370 sq km), W Germany; a principal manufacturing center of Germany and formerly known as one of the world's greatest industrial complexes. , Criticare's president, indicated the
improved profitability recorded in the second quarter represented the
fourth consecutive quarter of improved net income since the company
implemented an organizational 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). in November November: see month. 1993.Von der Ruhr commented, ``I am encouraged by our ability to continue to control operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. while being able to develop new products for both the domestic and international markets.'' Criticare designs, manufactures and markets cost effective patient monitoring systems and non-invasive Non-invasive A procedure that does not penetrate the body. Mentioned in: Multiple-Gated Acquisition Scan non-invasive 1. not penetrating the skin, e.g. a non-invasive test. 2. sensors
n. Abbr. OR A room equipped for performing surgical operations. , recovery rooms, intensive care units, and alternate care facilities throughout the world. -0-
Criticare Systems Inc.
Consolidated Income Statement
(Unaudited)
Three Months Ended Dec. 31,
1994 1993
Net sales $7,463,075 $7,716,663 Cost of goods sold 3,834,285 3,863,521 ____________________________ __________ __________ Gross profit 3,628,790 3,853,142 Operating expenses 3,325,040 3,726,208 Restructuring expenses --- 550,000 ____________________________ __________ __________ Total operating expenses 3,325,040 4,276,208 Operating profit (loss) 303,750 (423,066) Non-operating expenses 55,950 99,296 ____________________________ __________ __________ Income (loss) before income taxes 247,800 (522,362) Income tax provision 95,000 --- ____________________________ __________ __________ Net income (loss) $ 152,800 ($522,362) Earnings per share $0.02 ($0.08) ____________________________ __________ __________ ____________________________ __________ __________ Average shares outstanding 6,730,389 6,697,218
Six Months Ended Dec. 31,
1994 1993
Net sales $13,997,414 $13,480,868 Cost of goods sold 7,051,889 6,776,294 ____________________________ __________ __________ Gross profit 6,945,525 6,704,574 Operating expenses 6,377,996 7,124,269 Restructuring expenses --- 550,000 ____________________________ __________ __________ Total operating expenses 6,377,996 7,674,269 Operating profit (loss) 567,529 (969,695) Non-operating expenses 126,974 200,396 ____________________________ __________ __________ Income (loss) before income taxes 440,555 (1,170,091) Income tax provision (benefit) 172,000 (252,000) ____________________________ __________ __________ Net income (loss) $ 268,555 ($918,091) Earnings per share $0.04 ($0.14) ____________________________ __________ __________ ____________________________ __________ __________ Average shares outstanding 6,730,389 6,697,218 CONTACT: Criticare Systems Inc., Milwaukee Gerhard Von der Ruhr, 414/798-8282 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion