DH TECHNOLOGY REPORTS STRONG SECOND QUARTER.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif.--(BUSINESS WIRE)--July 26, 1995---DH Technology (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 : DHTK) today reported a 21.6% increase in earnings and a 26.1% increase in revenues for the second quarter ended June June: see month. 30, 1995 over the same period in 1994. Second quarter revenues rose 26.1% to $24,317,000 from $19,280,000 in last year's second quarter. Net income for the period grew to $2,497,000 or $0.45 per share compared with $1,989,000 or $0.37 per share in the same period last year. For the six months ended June 30, 1995, revenue grew 36.2% to $47,573,000 from $34,930,000 for the comparable period in 1994. Net income for the six months grew 28.1% to $4,862,000 or $0.89 per share, versus $3,795,000 or $0.71 per share for the same period in 1994. "The increase in revenues was the result of solid growth in each of our major product areas and inclusion of the results from our acquisition of Cognitive Solutions, Inc., in August 1994," commented William William, crown prince of Germany William or Frederick William, 1882–1951, crown prince of Germany, son of William II. In World War I he commanded (1914) an army on the Western Front and was nominal commander in the German attack H. Gibbs Gibbs , Josiah Willard 1839-1903. American mathematician and physicist who formulated the theoretical foundation of physical chemistry, developed vector analysis, and conducted optical and thermodynamic research. Noun 1. , Chairman and Chief Executive Officer of DH Technology. "We were particularly pleased by the continued strong market acceptance of our newly released barcode See bar code. desktop printer, the `Blaster.' We are also excited about having received our first order from a major Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and printer manufacturer for dot matrix printheads, resulting in growth in our worldwide printhead printhead n → cabeza impresora printhead n → tête f d'impression printhead print n → Druckkopf m market share. During the quarter, we increased our cash position to $28.9 million and ended the period with working capital of $42.5 million. With our strong internal growth fueled by the continuing introduction of new products and our ability to grow through acquisitions, we are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op for the second half of the year." DH Technology designs, manufactures and distributes transaction printers and mechanisms, impact printheads, bar code printers, and related services and supplies, such as labels and ribbons. The Company's products provide printing solutions for many diverse applications, including freight and bar code labels, bank transactions, point-of-sale point of sale n. pl. points of sale A business or place where a product or service can be purchased. Also called point of purchase. point receipts and gaming tickets. The Company's broad range of printing technologies include thermal, impact, and laser to serve these markets and applications. -0- CONSOLIDATED INCOME STATEMENT HIGHLIGHTS July 26, 1995
Three Months Ended Six Months Ended
June 30 June 30
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(Amounts In thousands except per share amounts)
% %
1995 1994 CHANGE 1995 1994 CHANGE
------- ------ ------- ------- ------ -------
REVENUES $24,317 $19,280 26.1% $47,573 $34,930 36.2% PRE-TAX INCOME $3,841 $3,023 27.1% $7,492 $5,607 33.6% NET INCOME $2,497 $1,989 25.5% $4,862 $3,795 28.1% EPS $.45 $.37 21.6% $.89 $.71 25.4% AVG COMMON SHARES O/S 5,510 5,375 2.5% 5,486 5,350 2.5% CONSOLIDATED BALANCE SHEET - SUMMARY
June 30, 1995 Dec. 31, 1994
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(In thousands)
Cash and cash equivalents $28,890 $23,887
Other current assets 26,845 25,542
Fixed assets (net) 6,549 6,771
Intangibles 13,841 14,549
Other assets 714 557
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Total assets $76,839 $71,306
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Current liabilities $13,200 $12,238
Other liabilities 2,664 3,220
Shareholders' equity 60,975 55,848
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Total liabilities and
shareholders' equity $76,839 $71,306
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CONTACT: DH Technology Janet Janet: see Clouet, Jean. JANET - Joint Academic NETwork Shanks
The shanks and tattlers are wading bird species in a number of genera characterised by a medium length bill and long, often brightly coloured legs. , 619/451-3485 or Morgen-Walke Associates Doug Sherk, Chris Danne, Micah Epps, 415/296-7383 Jill Ruja, Cindy Hintelmann, 212/850-5600 |
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