DataImage announces third quarter and year to date 1995 financial results.HARTFORD Hartford, city (1990 pop. 139,739), state capital, Hartford co., central Conn., on the west bank of the Connecticut River; settled as Newtown 1635–36 on the site of a Dutch trading post (1633; abandoned 1654), inc. 1784. , Conn.--(BUSINESS WIRE)--Nov. 7, 1995--DataImage, Inc. announced today the Company's financial results for the three month and nine month periods ended September September: see month. 30, 1995. Revenues for the three months ended September 30, 1995 increased 32% compared to the three months ended September 30, 1994. Revenues for the nine months ended September 30, 1995 increased 2% compared to the nine months ended September 30, 1994. Operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. for the nine months ended September 30, 1995 decreased $1,115,959 compared to the same period in 1994. Revenues were comparable in both periods. Operating results during the third quarter ending September 30, 1995 improved significantly. The net profit was $84,287 compared to the net loss of $93,440 the prior year. As for the nine months ending September 30, 1995, the net loss was $1,707, or $.00 per share, compared to a loss of $1,117,666, or $.49 per share, a year ago. -0- DataImage, Inc. Selected Financial Information Consolidated Statement of Operations Data:
For the Three Months For the Nine Months
Ended Sept. 30, Ended Sept. 30,
1995 1994 1995 1994
Revenues: Sales $245,297 $ 95,559 $432,446 $344,239 Service 198,617 241,159 657,395 722,785 Total Revenues $443,914 $336,718 $1,089,841 $1,067,024 Costs & Expenses $342,820 $417,501 $1,047,569 $2,146,564 Operating Profit (Loss) 101,094 (80,783) 42,272 (1,079,540) Other Inc (Exp) - Net $(16,857) $(12,657) $(43,209 $(30,506) Loss Before Income Tax $ 84,237 $(93,440) $ (937) (1,110,046) Provision for Income Tax (50) 770 $ 7,620
Net Income (Loss) $ 84,287 $(93,440) $(1,707) $(1,117,666)
========= ========= ========= =========
Net Loss per Common and Common Equivalent Share: $.04 $(.04) $.00 $ (.49)
========= ========= ========== =========
Weighted Average Common and
Common Equivalent Shares
Outstanding 2,280,214 2,280,214 2,280,214 2,280,214
========= ========= ========= =========
-0- Consolidated Balance Sheets Data:
As of Sept. 30, 1995 As of Sept. 30, 1994
Working Capital $(890,506) $(946,169) Long-Term Debt 74,264 -0- Shareholders' Equity (749,877) (684,686) Total Assets 395,308 496,821 -0- DataImage is a solutions-oriented provider of software products and systems for the electronic management of information. As a systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. , DataImage designs, assembles, installs and maintains image/COLD processing systems. Its customers include Fortune 500 companies and other large business organizations. CONTACT: Raymond Raymond, town, Canada Raymond, town (1991 pop. 3,130), S Alta., Canada, SE of Lethbridge, in a sugar beet area. Sugar is refined and honey is produced there. A provincial agricultural college is in the town. V. Sozzi, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 860-947-3110 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion