Digital Dictation Inc. announces the filing of Form 10-QSB for third quarter ended Sept. 30, 1996.VIENNA, Va.--(BUSINESS WIRE)--Nov. 14, 1996--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 ) announced today that it filed Form 10-QSB for the three and nine months ended September 30, 1996. -0-
DIGITAL DICTATION, INC.
Summary Consolidated Financial Information
(Unaudited)
(in thousands, except share information)
Three months ended Nine months ended
September 30, September 30,
1996 1995 1996 1995
Income Statement Data:
Revenues $1,825 $1,271 $5,074 $3,677
Cost of services 1,158 837 3,298 2,441
Gross profit 666 434 1,775 1,235
G&A expenses 470 298 1,237 865
Operating income 195 135 537 370
Other income (expense) (10) (5) (31) (14)
Pre-tax Income 185 130 506 356
Provision for income
taxes (Note 1) 71 58 193 141
Net income 114 72 313 215
Net income per share $.02 $.01 $.05 $.03
Weighted average
shares outstanding 6,257 6,257 6,257 6,257
September 30,
Balance Sheet Data: 1996
Cash and cash equivalents $105
Receivables 1,039
Other Assets 849
Total Assets 1,993
Working Capital 200
Long Term Debt 9
Shareholder's Equity 918
Note 1: In 1995, the Company was an S-Corporation and incurred
no corporate tax liability. Provisions for income tax, net income
and income per share for 1995 are on a pro-forma basis.
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
tran·scrip·tion n. information management services under long term contracts to over twenty-five major health care providers nationally. Digital Dictation utilizes proprietary telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and computer technologies to link a network of over 175 independent, home-based medical transcriptionists medical tran·scrip·tion·ist n. A person who transcribes medical reports dictated by a physician concerning a patient's health care. in 33 states with major hospital clients located throughout the U.S. from California to Virginia. By utilizing the company's turnkey See turnkey system. medical transcription services, hospital clients are able to eliminate costly in-house staff personnel and improve the level of service to its physicians and patients. The trend to outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. of medical transcription services is expanding rapidly. Health care facilities spend an estimated $6 billion per year on medical transcription, and with all segments of the health care industry under severe cost cutting pressures, outsourcing of non-health care functions such as medical transcription is becoming a standard process. Thus, Digital Dictation expects to continue to benefit from a rapidly growing marketplace. For additional information, call Digital Dictation at 1-800-888-5295. CONTACT: Digital Dictation Inc., Vienna Richard D. Cameron, President, 800/888-5295 |
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