Dictaphone Expects Strong Growth in Fourth Quarter Operating Profits.Business Editors STRATFORD, Conn.--(BUSINESS WIRE)--Feb. 4, 2000 Dictaphone Corporation today announced that it expects fourth quarter revenue to grow by approximately 15% to $89.6 million, compared to $77.6 million for the same period in 1998. Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. is expected to be $5.2 million, compared to an 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. of $15.6 million for the fourth quarter of 1998. Earnings before interest and taxes In financial and business accounting, earnings before interest and taxes (EBIT) is a measure of a firm's profitability that excludes interest and income tax expenses.[1] EBIT = Operating Revenue – Operating Expenses + Non-operating Income plus depreciation and amortization (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ) for the quarter is expected to be approximately $16.1 million, compared to a loss of $2.4 million for the same period last year. For the year ended December 31, 1999, the company is expected to report revenue of $353.7 million and operating profit of $32.7 million, compared to revenue of $332.3 million and an operating loss of $13.4 million in 1998. Year to date EBITDA is expected to be $60.2 million, compared to $30.6 million for 1998. John H. Duerden, chairman and chief executive officer, said, &uot;1999 was a gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. year for Dictaphone. I believe we have successfully repositioned Dictaphone in new and exciting growth markets and the efforts of the past four years are finally reflected in our results.&uot; Joseph D. Skrzypczak, 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. , said he was very pleased with the company's consistent financial performance during 1999. &uot;This year we experienced our greatest revenue growth since 1989,&uot; he added. &uot;EBITDA for the year doubled, we successfully launched two leading-edge products, Freedom(TM)(1) and da Vinci da Vinci Surgery A surgical robot for performing certain surgeries–eg, mitral valve repair and laparoscopic procedures–eg, cholecystectomy and gastric ulcer repair. See Laparoscopic surgery, Robotics, Surgical robot. (TM)(1), and we increased our market share and overall presence in the healthcare market. The company believes it is well positioned within the healthcare market and very excited about its prospects in the recording market with the introduction of Freedom and da Vinci.&uot; Dictaphone Corporation of Stratford, Conn., is a leader in the development, manufacture, marketing, service and support of Integrated Voice and Data Management systems and software, which include dictation, voice processing The computerized handling of voice, which includes voice store and forward, voice response, voice recognition and text to speech technologies. , voice response, unified messaging, records management and communications recording. Dictaphone has a marketing, sales, service and support organization of more than 1,375 representatives in more than 160 cities in the United States, the United Kingdom, Canada and Germany. The Company also markets worldwide through a growing number of distributors in Europe, Latin America, Asia Pacific, South Central Asia, the Middle East and Africa. The foregoing projections are &uot;forward-looking&uot; statements within the meaning of the Federal Securities Laws. Because such statements include risks and uncertainties, actual results may differ from the estimates provided. The company undertakes no duty to update such forward-looking statements. Factors that could cause actual results to differ from these forward looking statements include, but are not limited to, those disclosed previously and from time to time in the company's Annual Report Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other public filings. (1) There are patents pending on both da Vinci and Freedom products. |
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