Digital Dictation, Inc. Reports 38.1% Revenue Growth in Second Quarter.VIENNA Vienna, city and province, Austria Vienna (vēĕn`ə), Ger. Wien, city and province (1991 pop. 1,539,848), 160 sq mi (414 sq km), capital and largest city of Austria and administrative seat of Lower Austria, NE Austria, on , Va.--(BUSINESS WIRE)--July 21, 1997--Digital Dictation, 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 :DGDT DGDT Double-Gate Dynamic Threshold ) reported revenue of approximately $2.4 million for the second quarter of 1997, a 38.1% increase over the comparable prior year period. For the six month period, revenue increased by 34% to approximately $4.4 million. Net earnings for the first six months were $265,892, an increase of 33.8% over the comparable prior year period. Richard Cameron Notable men called Richard Cameron:
Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. market success is driven by performance and execution, rather than absolute size. We feel many companies are buying revenue streams that cannot be maintained over time because of an inability to meet the operating needs of the client hospitals." Digital Dictation Digital dictation is a method of recording and editing the spoken word in real-time within a digital audio format. Digital dictation offers several advantages over traditional cassette tape based dictation: v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. medical transcription information management services for the health care market. Founded in 1989, the Company serves 34 health care institutions in twelve states, operating from a single electronic data center in Vienna, VA. -0-
DIGITAL DICTATION, INC.
Summary Consolidated Financial Information
(Unaudited)
(in thousands, except share information)
Three months ended Six months ended
June 30, June 30,
1997 1996 1997 1996
Income Statement Data:
Revenues $2,358 $1,707 $4,352 $3,249
Cost of services 1,482 1,084 2,758 2,140
Gross profit 876 623 1,594 1,109
G&A expenses 635 432 1,159 767
Operating income 241 191 435 342
Other income (expense) (4) (9) (7) (21)
Pre-tax Income 237 182 428 321
Provision for income
taxes (Note 1) 90 69 162 122
Net income 147 113 266 199
Net income per share $.02 $.02 $.04 $.03
Weighted average
shares outstanding 6,257 6,257 6,257 6,257
June 30,
Balance Sheet Data: 1996
Cash and cash equivalents $ 47
Receivables 1,434
Other Assets 1,210
Total Assets 2,691
Working Capital 219
Long Term Debt 83
Shareholder's Equity 1,310
For additional information, call Digital Dictation at 1-800-888-5295. CONTACT: Digital Dictation, Inc., Vienna Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a D. Cameron, President 1-800-888-5295 |
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