EIP Microwave financial results.MILPITAS, Calif.--(BUSINESS WIRE)--Aug. 15, 1995--Net sales for the third fiscal quarter ended June 30, 1995, were $1,679,000, a 33% increase from the same period last year. The company earned $23,000 ($.05 per share) for the third fiscal quarter 1995, as compared to a net loss of $132,000 ($.31 per share) incurred during the same period last year. Incoming orders for the third fiscal quarter were $2,445,000, a 76% increase from the same period a year ago. Backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. at June 30, 1995, was $1,602,000, an increase of 191% from the end of the third fiscal quarter last year. Nine Months Results Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for nine months ended June 30, 1995, were $4,880,000, a 25% increase from the same period last year. Net income of $163,000 ($.39 per share) was earned for the nine months ended June 30, 1995, as compared to a net loss of $420,000 ($.99 per share) for the same period last year. Incoming orders for the nine months ended June 30, 1995, were $5,679,000, a 39% increase from the same period a year ago. The increase in sales and orders for both periods, and backlog, resulted primarily from increased sales to, and orders from, government contractors A government contractor is a private company that produces goods or services under contract for the government. Often the terms of the contract specify cost plus – i.e., the contractor gets paid for its costs, plus a specified profit margin. , increased sales and orders of product configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: in the VXIbus standard, and an increase in international sales, compared to the same periods last year. EIP (1) (Enterprise Information Portal) See corporate portal. (2) (Extended Instruction Pointer) The program counter on x86 CPUs. Microwave manufactures microwave frequency test and measurement instruments, which are predominately used in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and defense industries. The company has manufacturing facilities in Milpitas. The company's common stock trades on the 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 Small-Cap Market under the symbol EIPM EIPM European Institute of Purchasing Management . -0-
EIP Microwave Inc.
(in thousands except per share data - unaudited)
Three Months Ended Nine Months Ended
June 30 June 30
1995 1994 1995 1994
Net sales $ 1,679 $ 1,264 $ 4,880 $ 3,900 Income (loss) before taxes 23 (132) 164 (419) Income tax provision 0 0 1 1 Net income (loss) $ 23 $ (132) $ 163 $ (420) Income (loss) per share $ .05 $ (.31) $ .39 $ (.99) Shares of common stock 423 423 423 423 CONTACT: EIP Microwave Inc., Milpitas John Ardizzone, 408/945-1477 |
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