DYNAMIC HEALTHCARE TECHNOLOGIES ANNOUNCES FOURTH QUARTER 1995 EARNINGS.MAITLAND Maitland, city (1991 pop. 45,209), New South Wales, SE Australia, on the Hunter River. It is a railroad junction and agricultural center with light manufacturing. Maitland began as a convict settlement in 1824. The river has flooded in 1893, 1949, and 1955. , Fla.--(BUSINESS WIRE)--Feb. 1, 1996--Dynamic Healthcare Technologies, 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 : DHTI DHTI Digital Home Technology Integration ) today announced operating results for the fourth quarter and the year ended December December: see month. 31, 1995. The Company reported revenues of $2,171,000 and a net profit of $45,000 for the three months then ended. This represents a 31% increase over revenues of $1,656,000 reported for the same period a year ago. It is the fourth consecutive quarter with revenues in excess of $2 million and the second consecutive quarter of profitability. This reported progress is the result of restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). activities which have culminated in a $3.8 million improvement in net operating results for the year ended December 31, 1995 as compared to a year ago. Revenue from computer system equipment sales and support for the year ended December 31, 1995 decreased by over $865,000 as compared to such revenues reported for the same period in 1994. This was more than offset by the support, maintenance and other revenues which increased by $1,945,000 representing a 60% increase over similar revenues reported for the same period in 1994. Application software license revenues reported for the year ended December 31, 1995 also increased by more than 44% over those reported for the same period a year ago. As a result, total operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. for the year ended December 31, 1995 increased by more than 27% over those reported for the previous year. During the fourth quarter 1995, the Company completed its Refinancing Refinancing An extension and/or increase in amount of existing debt. Plan (the "Plan"). Completion of the Plan resulted in: 1) Refinancing the Company's Demand Line of Credit as a Long Term Note, 2) Raising gross proceeds in excess of $3.8 million of equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. , and 3) Obtaining relisting on NASDAQ -0-
SELECTED FINANCIAL DATA
(In thousands except per share data)
Three Months Ended Year Ended
December 31, December 31,
1995 1994 1995 1994
---- ---- ---- ----
Revenues:
Application software licenses $ 431 $ 200 $2,668 $1,849
Computer equipment sales
and support 136 253 1,008 1,873
Software support, maintenance
and other 1,604 1,203 5,210 3,265
----- ----- ------ ------
Total operating revenues $2,171 $1,656 $8,886 $6,987
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Operating income (loss) $ 92 $(1,981) $(161) $(3,559) Net earnings (loss) $ 45 $(2,676) $(513) $(4,308) Earnings (loss) per share $ 0.00 $( 0.48) $(0.08) $(0.78)-0- Dynamic Healthcare Technologies, Inc. develops, markets, installs and supports clinical information systems, document imaging solutions and DynamicVision(TM), an enterprise-wide, multi-media software and services solution that integrates health-related data from many sources into a comprehensive electronic health record. CONTACT: Media Contact: Mary Mary, the mother of Jesus Mary, in the Bible, mother of Jesus. Christian tradition reckons her the principal saint, naming her variously the Blessed Virgin Mary, Our Lady, and Mother of God (Gr., theotokos). Her name is the Hebrew Miriam. Lu Lander, Vice President, Marketing or Investor Contact: Mitchel J. Laskey President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. 1-800-832-3020 |
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