DH Technology Inc. makes announcement.SAN DIEGO--(BUSINESS WIRE)--Feb. 14, 1995-- DH Technology 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 NMS See NetWare Management System. :DHTK) Tuesday Tuesday: see week. announced that net income for its fourth quarter in 1994 increased 26 percent over the same period a year ago. Net income rose to $2,173,000, or 40 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. , for the quarter ended Dec. 31, 1994 compared with $1,722,000, or 33 cents per share, for the quarter ended Dec. 31, 1993. Revenues for the quarter increased 52 percent to $22,646,000 compared with $14,863,000 for the same period last year, primarily as a result of increased shipments of the company's products and the inclusion of the results of Stadia Colorado Colorado, state, United States Colorado (kŏlərăd`ə, –răd`ō, –rä`dō), state, W central United States, one of the Rocky Mt. states. Corp. and Cognitive Solutions Inc. for the 1994 quarter. Pre-tax income was $3,414,000, or 15.1 percent of total revenues, a 46 percent increase over the same period last year. This increase was primarily the result of the substantial increase in shipments. Net income for the year ended Dec. 31, 1994, was a record $8,058,000, or $1.50 per share, a 27 percent increase from $6,331,000, or $1.23 per share, for the year ended Dec. 31, 1993. Pre-tax income reached an all-time high of $12,136,000, an increase of 34 percent compared with $9,048,000 in 1993. Revenues for the year grew 38 percent to a record $77,918,000 in 1994 from $56,351,000 in 1993 due to increased shipments of the company's products and the addition of results from the two acquisitions in the bar code business. William H. Gibbs, chief executive officer, stated: "We are pleased with the results for 1994. The company was able to improve revenue and earnings by focusing its attention on securing larger portions of the bar code and transaction printer markets while maintaining its dominant market position in printhead printhead n → cabeza impresora printhead n → tête f d'impression printhead print n → Druckkopf m products. "Our outlook for 1995 continues to be optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op as we should continue to see the benefits of our increased investment in new products, our acquisitions of Stadia and Cognitive and an improving economy." 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 bank transactions, point-of-sale receipts, airline ticketing, data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a reports, gaming tickets, multi-part forms, and freight and bar code labels. The company uses a broad range of printing technologies including thermal, impact and laser to serve these markets and applications. For additional information please contact Janet Janet: see Clouet, Jean. JANET - Joint Academic NETwork W. 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. , acting chief financial officer, DH Technology Inc., 15070 Avenue of Science, 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. 92128, 619/451-3485.
Consolidated Income Statement Highlights
Three months ended 12 months ended
Dec. 31, Dec. 31,
(Amounts in thousands except per share amounts)
1994 1993 Pct. change 1994 1993 Pct. change
Revenues $22,646 $14,863 52.4 pct. $77,918 $56,351 38.3 pct.
Pre-tax
income $3,414 $2,334 46.3 pct. $12,136 $9,048 34.1 pct.
Net
income $2,173 $1,722 26.2 pct. $8,058 $6,331 27.3 pct.
EPS 40 cents 33 cents 21.2 pct. $1.50 $1.23 22.0 pct.
Avg. common
shares
O/S 5,463 5,269 3.7 pct. 5,384 5,154 4.5 pct.
Consolidated Balance Sheet -- Summary
Dec. 31, 1994 Dec. 31, 1993
(In thousands)
Cash and cash equivalents $23,887 $32,881
Other current assets 25,542 16,415
Fixed assets (net) 6,771 4,118
Intangibles 14,549 1,900
Other assets 557 661
Total assets $71,306 $55,975
Current liabilities $12,238 $7,890
Other liabilities 3,220 1,353
Shareholders' equity 55,848 46,732
Total liabilities and
shareholders' equity $71,306 $55,975
CONTACT: DH Technology Inc., San Diego Janet W. Shanks, 619/451-3485 |
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