DOTRONIX Announces Earnings.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)--Sept. 30, 1997--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 its operating results for the fourth quarter and year ending June June: see month. 30, 1997. DOTRONIX had revenues of $9,940,868 for the year ended June 30, 1997 compared to $14,576,259 for fiscal year 1996. The net loss for the year was $1,421,097 or $.34 per share compared with earnings of $841,300 or $.20 a share for fiscal year 1996. For the fourth quarter of fiscal 1997, revenues were $2,576,095 compared to revenues of $4,322,335 in the fourth quarter of fiscal year 1996. The loss for the quarter was $610,174 or $.15 a share compared to earnings of $500,804 or $.12 per share for the same quarter a year ago. Revenue declined in fiscal 1997 mainly due to a decrease in multimedia units shipped caused by reduced orders from customers of these units and the completion of a major contract with the FAA in fiscal year 1996. The loss for the quarter and the year is due to the lower revenues partially offset by reduced selling, general and administrative expenses. William Sadler William Sadler (born April 13, 1950) is an American character actor. Biography Personal life Sadler was born in Buffalo, New York and attended college at SUNY Geneseo. He has one child with wife Marni Joan Bakst, to whom he has been married since 1977. , President of DOTRONIX stated that new product shipments have begun for the Clark County Clark County is the name of twelve counties in the United States of America:
McCarran International Airport (IATA: LAS, ICAO: KLAS, FAA LID: LAS) is the principal commercial airport serving Las Vegas and surrounding Clark County, Nevada. expansion. This contract, which is expected to produce revenues in excess of $1 million, will have production shipments through July of 1998. In addition, the initial pilot run order for 50 high resolution television displays for a "major East Coast stock exchange" have been shipped in the current quarter. This qualifying installation has a potential sales value in excess of $2 million. These orders, together with an overall improvement in sales volume, will increase revenue in the first quarter of fiscal 1998 as compared to the second, third and fourth quarters of fiscal 1997. Dotronix, Inc. has facilities in Minnesota and Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee and manufactures high resolution displays for airports, video walls, medical imaging and other industrial applications. -0-
Dotronix Inc.
Consolidated Statement of Income
(dollars in thousands except per share data)
Quarter Ended Year Ended
June 30, June 30,
1997 1996 1997 1996
Revenues $2,576 $4,322 $9,941 $14,576
Earnings ($610) $ 501 ($1,421) $ 841
Earnings per share ($.15) $ .12 ($ .34) $ .20
Weighted average
shares outstanding 4,047 4,283 4,157 4,290
Balance Sheet Data
(dollars in thousands)
1997 1996
Cash and Equivalents $2,583 $3,457
Current Assets 8,092 10,419
Working Capital 5,622 7,062
Total Assets 9,848 12,356
Stockholders' Equity $7,378 $8,999
CONTACT: Dotronix Inc., New Brighton Erling J. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , 612/633-1742 |
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