Dalsa Corporation Announces Financial Results for First Half of Fiscal 1996 Ended June 30, 1996.WATERLOO Waterloo, town, Belgium Waterloo (vä`tərlō), commune (1991 pop. 27,860), Walloon Brabant prov., central Belgium, near Brussels. The battle of Waterloo (see Waterloo campaign) was fought just south of there on June 18, 1815. , Ontario--(BUSINESS WIRE)--Aug. 1, 1996--DALSA CORPORATION (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSA (1) (Directory Server Agent) An X.500 program that looks up the address of a recipient in a Directory Information Base (DIB), also known as white pages. It accepts requests from the Directory User Agent (DUA) counterpart in the workstation. ), a leader in the design, development, manufacture and marketing of image sensor An image sensor is a device that converts a visual image to an electric signal. It is used chiefly in digital cameras and other imaging devices. It is usually an array of charge-coupled devices (CCD) or CMOS sensors such as active-pixel sensors. and electronic camera products, today announced its results of operations for its first half of fiscal 1996, ended June June: see month. 30, 1996. Revenues for the first half were $7.95 million, compared with revenue of $6.48 million for the half ended June 30, 1995. Net income for the first half was $705 thousand ($0.17 per share) compared with $755 thousand ($0.18 per share) for the six months ended June 30, 1995. Standard product sales for the first half of 1996 increased 33 percent from the first half of 1995 with sales in the second quarter representing the highest standard product sales total in any fiscal quarter to date. Sales in all geographic regions displayed a strong increase relative to the first half of 1995; however European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. sales in the first half are below expectations and the company is focusing on the return of the European sales growth to planned levels. Strong emphasis on research and development continued with gross R & D expenditures in the first half comprising 27 percent of sales. Programs completed during the quarter include two "intelligent" electronic cameras which form the basis of a new product line of cameras which are field programmable by the user and an advanced color line color line n. A barrier, created by custom, law, or economic differences, separating nonwhite persons from whites. Also called color bar. Noun 1. scan CCD sensor See CCD. and electronic camera which will address new applications involving color imaging, including print inspection and high performance color copiers. "During the first half of 1996, we have successfully positioned ourselves for long term growth" said Dr. Savvas Chamberlain Chamberlain may refer to:
DALSA is a leader in the design, development, manufacture and marketing of image sensor and electronic camera products based on its high performance image capture charge-coupled device See CCD. (electronics) charge-coupled device - (CCD) A semiconductor technology used to build light-sensitive electronic devices such as cameras and image scanners. CCDs can be made to detect either colour or black-and-white. (CCD CCD in full charge-coupled device Semiconductor device in which the individual semiconductor components are connected so that the electrical charge at the output of one device provides the input to the next device. ) technology. DALSA's CCD image sensor silicon chips and electronic cameras provide advanced technological solutions for a broad range of industrial vision applications including postal inspection and sorting, office document scanning, cheque/banknote scanning, semiconductor inspection, electronics inspection, glass bottle and product inspection and textile inspection. -0- Financial Results
DALSA CORPORATION
(thousands of dollars, except per share amounts)
Three months ended Six months ended
March 31 June 30
1996 1995 1996 1995
Revenue
Standard product sales $2,788 $2,538 $6,236 $4,704
Application
specific contracts 781 867 1,716 1,780
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Total revenue 3,569 3,405 7,952 6,484
Expenses
Cost of products sold 1,372 850 2,935 1,836
Research and development 704 691 1,601 1,484
Selling, general
and administrative 1,144 921 2,370 2,013
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Total expenses 3,220 2,462 6,906 5,333
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Income from operations 349 943 1,046 1,151
Interest expense, net 33 32 9 70
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Income before income taxes 316 911 1,037 1,081
Income taxes 96 270 332 321
Minority interest -- 3 -- 5
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Net income $220 $638 $705 $755
------ ------ ------ ------
Earnings per share $.06 $0.15 $.17 $0.18
CONTACT: DALSA Corporation Dr. Savvas G. Chamberlain, 519/886-6000 and/or DALSA Corporation Anne F. Paling Vice President Finance 519/886-6000 |
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