DAEDALUS ANNOUNCES THIRD-QUARTER RESULTS
DAEDALUS ANNOUNCES THIRD-QUARTER RESULTS ANN ARBOR, Mich., June 11 /PRNewswire/ -- Daedalus Enterprises, Inc.
(NASDAQ: DDEI) today announced earnings of $130,000, $.22 per share, on revenue of approximately $1,452,000 for the third quarter of fiscal year 1992, ended April 30. This is compared to earnings of $32,000, $.06 per share, on revenue of $776,000 for the comparable period of the preceding fiscal year.
The earnings for the nine months ended April 30, 1992, were $181,000, $.28 per share, on revenue of approximately $3,532,000 as compared to a loss of $123,000, $.22 per share, on revenue of $2,224,000 for the comparable period of the preceding fiscal year. The improvement in earnings is primarily attributable to the increase in sales for the nine months ended April 30, 1992, as compared to the same period of the prior fiscal year. Backlog as of April 30, 1992, was $7.3 million as compared to $1.1 million one year earlier. With the exception of a $5.1 million customer product development contract that will require work over the next 18 months, the majority of the April 30, 1992, backlog is expected to be filled in fiscal 1992. Daedalus Enterprises, Inc. is a leading developer and manufacturer of remote sensing instruments used for environmental measurements and monitoring. -0- 6/11/92 /CONTACT: Vincent J. Killewald, vice president-finance, or Thomas R. Ory, president, Daedalus Enterprises, Inc., 313-769-5649/ (DDEI) CO: Daedalus Enterprises, Inc. ST: Michigan IN: SU: ERN
JG -- DE010 -- 9227 06/11/92 12:16 EDT
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|Date:||Jun 11, 1992|
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