DOTRONIX ANNOUNCES FIRST QUARTER RESULTS.NEW BRIGHTON New Brighton, village (1990 pop. 22,207), Ramsey co., SE Minn., a suburb of Minneapolis–Saint Paul; inc. 1891. Its manufactures include metal products, machinery, and leather. A theological seminary is there. , Minn.--(BUSINESS WIRE)--Nov. 7, 1996--Dotronix, 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 : DOTX) today announced results for the first quarter ended September September: see month. 30, 1996. Net loss for the first quarter was $57,037 or $.01 per share compared to earnings of $152,604 or $.04 per share for the same quarter last year. Revenues were $2,985,296 for the first quarter of the current year, compared to $4,040,378 in the same quarter last year. Revenue is down 26% from last year because of a decrease in shipments for the FAA upgrade program in the first quarter. The Company expects the reduced level of sales to continue through the second quarter. Dotronix, Inc. designs and manufactures high resolution video displays for electronic imaging, retrieval retrieval /re·triev·al/ (-tre´v'l) in psychology, the process of obtaining memory information from wherever it has been stored. re·triev·al n. and paperless systems for the medical, transportation, industrial and multimedia markets and is located in New Brighton, Minnesota New Brighton is a city in Ramsey County, Minnesota, United States. It is a suburb of the Twin Cities. The population was 22,206 at the 2000 census. Geography According to the United States Census Bureau, the city has a total area of 18.4 km² (7.1 mi²). 17.2 km² (6. . -0-
DOTRONIX, INC.
STATEMENT OF OPERATIONS DATA
THREE MONTHS ENDED
SEPTEMBER 30,
1996 1995
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Revenues $2,985,296 $4,040,378
Net (loss) income (57,037) 152,604
Net (loss) income per share ($.01) $.04
Weighted average shares outstanding 4,234,763 4,280,202
BALANCE SHEET DATA
(Dollars in Thousands)
September 30, June 30,
1996 1996
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Cash and equivalents $3,627 $3,457
Current assets 10,134 10,418
Total assets 11,998 12,356
Current liabilities 2,990 3,357
Stockholders equity 9,008 8,999
CONTACT: Dotronix, Inc. David Beel, 612/633-1742 |
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