Hauppauge Digital Inc. announces Sept. 30, 1995 year end results; Projects 1996 fiscal first quarter sales in excess of $4.0 million and first profitable quarter since going public on Jan. 10, 1995.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 symbol HAUP HAUP High-Accuracy Universal Polarimeter , Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. symbol HAU), the manufacturer of Win/TV digital video boards, today announced the company's audited Sept. 30, 1995 fiscal year end results and an estimate of first quarter sales. 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 the year ended Sept. 30, 1995 were $11,551,169 compared to $4,166,807 for the nine month fiscal year ended Sept. 30, 1994, an increase of 177%. Net sales of the Win/TV digital video boards increased to over $10.7 million from about $3.0 million for the nine month fiscal year ended Sept. 30, 1994, an increase of 264%. The company reported a net loss of $1,427,440, which was impacted by a $572,674 non recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. charge for costs associated with a private placement offering completed in the first fiscal quarter of 1995 and other costs related to the transition of the company to a publicly traded entity. The company projects net sales in excess of $4.0 million for the first fiscal quarter of 1996, compared to approximately $2.2 million for the first fiscal quarter of 1995. The company also expects this level of sales to result in the company's first profitable quarter since becoming publicly traded on Jan. 10, 1995. Hauppauge Digital, Inc., through its Hauppage Computer Works, Inc. subsidiary, is primarily engaged in the designing, manufacturing and marketing of digital video products for the PC market. The Win/TV products are manufactured in the U.S. and sold to OEM's and Personal Computer product distributors worldwide through sales offices in the U.S., the U.K. and Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). . -0-
Hauppauge Digital, Inc. and Subsidiaries
Consolidated Statements of Operations
Audited Results
Year ended Nine months ended
Sept. 30, 1995 Sept. 30, 1994
Net Sales $11,551,169 $ 4,166,807 Loss from operations (925,835) (1,281,808) Net loss (a) $(1,427,440) $(1,317,548) Net loss per share ($0.60) ($1.03) Average shares outstanding 2,382,928 1,280,000 (a) Loss for the year ended Sept. 30, 1995 includes $572,674 in private placement financing costs.-0- CONTACT: Hauppauge Digital Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Gerald Tucciarone, 516/434-1600 |
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