Printer Friendly

DIMENSIONAL MEDICINE REPORTS SIGNIFICANT IMPROVEMENT AND CONTINUED PROFITABILITY IN THIRD QUARTER RESULTS

DIMENSIONAL MEDICINE REPORTS SIGNIFICANT IMPROVEMENT AND CONTINUED
 PROFITABILITY IN THIRD QUARTER RESULTS
 MINNEAPOLIS, Jan. 29 /PRNewswire/ -- Dimensional Medicine, Inc. (DMI), a Minneapolis-based developer and marketer of radiology-related systems, today reported operating revenues for the third quarter, which ended Dec. 31, 1991, of $1,547,793 compared with $1,333,383 for the same quarter last year. The net income of $20,268 or $.006 per share for the quarter compares with a net loss of $442,342 or $.07 per share in the prior year, and provides DMI with its second consecutive profitable quarter.
 For the nine months ended Dec. 31, 1991, DMI reported operating revenues of $4,406,508 and a net loss of $130,070 or $.04 per share. The operating results compare very positively to revenues of $4,032,205 and a net loss of $1,166,774 or $.19 per share for the nine months ended Dec. 31, 1990.
 David H. Littlefield, president and CEO, commented, "We are very pleased with the major improvements in all financial measures over last year. The RSNA trade show in December went very well, and our proposal activity for both product lines remains strong. We are optimistic that we can maintain the current momentum while adding to the competitive strengths of our products."
 Dimensional Medicine, Inc. designs, develops and markets computerized peripheral equipment and systems to the radiology medical market. The company is headquartered in Minnetonka, Minn. and is traded on the local over-the-counter market.
 DIMENSIONAL MEDICINE, INC.
 RESULTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Nine Months Ended
 12/31/91 12/31/90 12/31/91 12/31/90
 Operating revenues $1,547,793 $1,333,383 $4,406,508 $4,032,205
 Operating costs and
 expenses 1,525,795 1,684,791 4,523,624 4,937,903
 Operating income (loss) 21,998 (351,408) (117,116) (905,698)
 Other income (expense)
 net (1,370) (90,934) (12,954) (261,076)
 Net income (loss) $20,628 $(442,342) $(130,070) $(1,166,774)
 Net income (loss)
 per share $.006 $(.07) $(.04) $(.19)
 Weighted average number
 of shares outstanding 3,673,346 6,053,346 3,673,346 6,053,346
 -0- 1/29/92
 /CONTACT: Richard G. May of Dimensional Medicine, 612-938-8280/ CO: Dimensional Medicine, Inc. ST: Minnesota IN: CPR MTC SU: ERN


AL -- MN010 -- 4873 01/29/92 15:58 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 29, 1992
Words:394
Previous Article:USWA MADE SIGNIFICANT OFFERS TO KEEP BETHLEHEM'S JOHNSTOWN PLANT ALIVE, BUT COMPANY'S BOARD FAILED TO ACT ON HANDSHAKE UNDERSTANDING
Next Article:LOVE IS IN THE AIR AT OCEAN REEF CLUB
Topics:


Related Articles
DIMENSIONAL MEDICINE REPORTS FOURTH QUARTER AND YEAR-END RESULTS
COHERENT ANNOUNCES THIRD QUARTER RESULTS
DIMENSIONAL MEDICINE REPORTS FIRST QUARTER RESULTS
MEI DIVERSIFIED CONTINUES PROGRESS IN BUSINESS SEGMENTS
DIMENSIONAL MEDICINE REPORTS THIRD QUARTER RESULTS
DIMENSIONAL MEDICINE REPORTS FOURTH QUARTER AND YEAR-END RESULTS
DIMENSIONAL MEDICINE REPORTS SECOND QUARTER RESULTS AND ANNOUNCES SPECIAL SHAREHOLDERS MEETING
DIMENSIONAL MEDICINE REPORTS FIRST QUARTER RESULTS
DIMENSIONAL MEDICINE REPORTS THIRD QUARTER RESULTS
DIMENSIONAL MEDICINE REPORTS FIRST QUARTER RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters