EST announces 1995 financial information.KENNEWICK Kennewick (kĕn`əwĭk), city (1990 pop. 42,155), Benton co., SE Wash., on the Columbia River near the influx of the Snake River, in an irrigated farm and vineyard region; inc. 1904. , Wash.--(BUSINESS WIRE)--March 21, 1996--Electronic Systems Technology Inc. (EST EST electroshock therapy. EST abbr. electroshock therapy ) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :ELST ELST East Lake Sammamish Trail (Washington) ), a manufacturer of wireless modems A modem and antenna that transmits and receives over the air. Wireless modems support several technologies, including 802.11, Bluetooth, CDPD, DataTAC, Mobitex and Ricochet. There are wireless modems for laptops, handhelds and cellphones. , today announced sales and results of operations for the three and 12 month periods ended Dec. 31, 1995. EST reported record sales for 1995 of $1,535,071 compared to $1,197,720 for 1994. Net income for 1995 was $267,709, or $0.05 per share, compared with net income of $185,940, or $0.04 per share, for 1994. For the fourth quarter of 1995, EST reported net income of $49,000, or $0.01 per share, on sales of $381,000 compared with net income of $50,000, or $0.01 per share, on sales of $343,000 for the fourth quarter of 1994. -0-
ELECTRONIC SYSTEMS TECHNOLOGY INC.
SELECTED STATEMENT OF OPERATIONS INFORMATION SUMMARY
Three months ended 12 months ended
(unaudited)
Dec 31, Dec 31,
1995 1994 1995 1994
Sales $ 381,000 343,000 $ 1,535,071 1,197,720 Net income before tax 49,000 85,000 404,137 290,839 Net Income 49,000 50,000 267,709 185,940 Weighted average common shares outstanding 5,433,174 5,360,982 5,433,174 5,360,982 Earnings per Share $ 0.01 0.01 $ 0.05 0.04
ELECTRONIC SYSTEMS TECHNOLOGY INC.
SELECTED BALANCE SHEET INFORMATION
Dec 31, Dec 31,
1995 1994
Cash and cash equivalents $1,162,726 $ 769,967 Total current assets 1,857,415 1,483,045 Property & equipment (net) 145,243 104,119 Total assets 2,010,772 1,597,612 Total current liabilities 133,592 33,197 Long-term debt -0- -0- Stockholders' equity 1,877,180 1,555,558 CONTACT: Electronic Systems Technology, Kennewick Tom Kirchner Kirch·ner , Ernst Ludwig 1880-1938. German expressionist artist whose woodcuts and paintings, such as The Street (1913), convey psychological tension and eroticism with sharply contrasting colors and angular forms. Noun 1. , 509/735-9092 |
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