Excel reports record revenues and earnings for the second quarter of 1996.HAUPPAUGE Hauppauge can refer to:
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 : XLTC) today announced record revenues and earnings for the second quarter ended June June: see month. 30. Revenues for the quarter increased $4.0 million or 38 percent to $14.6 million from $10.6 million for the same period in 1995. Pre-tax earnings increased $600,000 or 55 percent to $1.8 million from $1.2 million for the same quarter in 1995. Net income for the second quarter ended June 30, 1996 increased $400,000 or 51 percent to $1.2 million from $800,000 for the same period in 1995. Fully-diluted earnings per share for the quarter ended June 30, 1996 increased 33 percent to $0.12 per share from $0.09 per share for the same period in 1995. For the six months ended June 30, 1996, revenue and earnings per share on a fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis were $28.5 million and $0.23 per share, an increase of 41 percent and 64 percent respectively, compared to $20.2 million and $0.14 per share for the first six months of 1995. Excel A full-featured spreadsheet for Windows and the Macintosh from Microsoft. It can link many spreadsheets for consolidation and provides a wide variety of business graphics and charts for creating presentation materials. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. J. D. Hill commented that revenues and earnings were as planned. He added, "All our businesses were profitable and contributed to the growth of Excel." Hill continues to be optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about Excel in 1996. Excel and its wholly-owned subsidiaries develop, manufacture and market laser systems and electro-optical components for electronic, semiconductor, other industrial and dental applications. -0- Financial Summary
For the Quarter For the Six Months
Ended June 30 Ended June 30
1996 1995 1996 1995
Net sales $14,617,000 $10,562,000 $28,513,000 $20,183,000 Pre-tax income 1,821,000 1,174,000 3,421,000 1,781,000 Provision for income taxes 618,000 380,000 1,162,000 567,000 Net income 1,203,000 794,000 2,259,010 1,214,000 Net income after tax per share Fully diluted $.12 $.09 $.23 $.14 Weighted average shares outstanding Fully diluted 10,122,585 8,763,000 9,879,048 8,741,000 CONTACT: Excel Technology Inc. J. Donald Hill or Dennis Byrne 516/273-6900 |
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