Datametrics Corp. announces fiscal 1996 results.WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Jan. 27, 1997-- Datametrics Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :DC) Monday Monday: see week. announced results for its fiscal 1996 fourth quarter and year ended Oct. 27, 1996. For the fourth quarter, the company reported revenues of $5.0 million compared with revenues of $6.8 million for the fourth quarter of fiscal 1995. Net loss for the period was $9.2 million, or 75 cents per fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, vs. a net loss of $3.0 million, or 23 cents per fully diluted share, for the same period a year ago. For fiscal 1996, revenues were $19.2 million vs. $19.0 million for fiscal 1995. The company reported a net loss of $17.4 million, or $1.39 per fully diluted share, for fiscal 1996, compared with a net loss of $9.2 million, or 84 cents per fully diluted share, for fiscal 1995. Datametrics specializes in the design, development and manufacture of high-speed high-speed adj. 1. Operated or designed for operation at high speed: a high-speed food processor. 2. Taking place at high speed: a high-speed chase. 3. color printers A printer that prints in color using three (CMY) or four (CMYK) colors of ink, toner or dye. Four color ribbons have been used in dot matrix printers, but these are rare today. See color laser printer and printer. , high-resolution high-res·o·lu·tion adj. 1. Relating to an image that has fine detail. 2. a. Of or relating to an output device that produces images that contain a large number of dots per unit of area and are therefore sharp and non-impact printer/plotters and ruggedized computers, printers and workstations. -0-
Datametrics Corp.
Fiscal 1996 Financial Highlights
Condensed Statement of Operations
(in 000s, except per share data)
Three Months Ended Fiscal Year Ended
Oct. 27, Oct. 29, Oct. 27, Oct. 29,
1996 1995 1996 1995
Sales $ 4,967 $ 6,818 $19,246 $18,956
Net income (loss) (9,206) (2,997) (17,386) (9,213)
Earnings (loss) per share -
primary and fully diluted $ (0.75) $ (0.23) $ (1.39) $ (0.84)
Weighted avg. shares outstanding
primary and fully diluted 12,333 12,765 12,515 11,020
-0-
Datametrics Corp.
Condensed Balance Sheet
Fiscal 1996 Year Ended Oct. 27, 1996
(000s, unaudited)
Oct. 27, 1996 Oct. 29, 1995
Assets
Cash $ 386 $ 9,601
Accounts receivable, net 5,735 6,578
Inventory, net 6,945 6,647
Other current assets 16 810
Total current assets 13,082 23,636
Property & equipment, net $ 1,870 $ 2,953
Deferred and other assets 988 882
Total Assets 15,940 27,471
Liabilities
Accounts payable $ 3,528 $ 2,111
Note payable to bank 2,550 --
Accrued commission & payroll 995 817
Other current liabilities 2,822 1,456
Total current liabilities 9,895 4,384
Long-term debt $ 704 $ 688
Other long-term liabilities 328 460
Total stockholders' equity 5,013 21,939
Total liabilities &
stockholders' equity $15,940 $27,471
CONTACT: Datametrics Corp. Daniel Daniel, book of the Bible Daniel, book of the Bible. It combines "court" tales, perhaps originating from the 6th cent. B.C., and a series of apocalyptic visions arising from the time of the Maccabean emergency (167–164 B.C. P. Ginns/Diane Trottochau, 818/598-6200 |
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