Printer Friendly

IMEX MEDICAL SYSTEMS ANNOUNCES RECORD SALES FOR FIRST QUARTER

 IMEX MEDICAL SYSTEMS ANNOUNCES RECORD SALES FOR FIRST QUARTER
 GOLDEN, Colo., Oct. 16 /PRNewswire/ -- Imex Medical Systems, Inc. (NASDAQ: IMEX) today announced record sales for the first fiscal quarter ended Sept. 30, 1992. Net sales increased 32 percent to $2,355,451 compared to $1,788,144 from the same period last year. Earnings dropped slightly to $18,659 or $.003 per share, from $60,643 or $.010 per share during the prior year. The earnings drop was due primarily to decreased gross profit margins because of increased low margin OEM and international sales, and because of increased expenses from the recent product acquisition.
 "First quarter sales far exceeded sales in any previous first quarter in the history of the company," said Dennis Newman, president and CEO. "We are looking forward to the rest of the year as sales from products such as our new CareLab 9000 Diagnostic Workstation module and the portable vascular system recently acquired from a major competitor begin to have a greater impact."
 Based in Golden, Imex Medical Systems helps physicians provide improved, more cost-effective health care by developing, manufacturing and selling products for fetal heart detection and innovative systems for the non-invasive early diagnosis of cardiovascular disease -- the number one cause of death in the United States.
 IMEX MEDICAL SYSTEMS, INC.
 Financial Summary
 First Fiscal Quarter Ended
 9/30/92 9/30/91
 Revenues $2,355,451 $1,788,144
 Net income $18,659 $60,643
 Net income per common share $0.003 $0.010
 Average shares outstanding 6,767,384 6,238,425
 -0- 10/16/92
 /CONTACT: Dennis Newman, chairman/president/CEO of Imex Medical, 303-431-9400; or John Metzger of Metzger-Trinske Communications, 303-786-7000 or 303-665-7760, for Imex Medical/
 (IMEX) CO: Imex Medical Systems, Inc. ST: Colorado IN: MTC SU: ERN


AL -- MN002 -- 0802 10/16/92 09:10 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 16, 1992
Words:306
Previous Article:DONNELLY CORPORATION NAMED 'RECYCLER OF THE YEAR'
Next Article:INDEPENDENCE BLUE CROSS AND PENNSYLVANIA BLUE SHIELD DEBUT CABLE HEALTH TALK SHOW
Topics:


Related Articles
IMEX MEDICAL SYSTEMS ANNOUNCES SIGNIFICANTLY INCREASED SALES FOR FISCAL SECOND QUARTER
IMEX MEDICAL SYSTEMS REPORTS RECORD SALES, DECREASED EARNINGS FOR FIRST HALF OF FISCAL 1993
CABOT MEDICAL ANNOUNCES FIRST QUARTER SALES AND EARNINGS
CABOT MEDICAL ANNOUNCES SECOND QUARTER FINANCIAL RESULTS AND DECLARES STOCK DIVIDEND
IMEX MEDICAL SYSTEMS REPORTS INCREASED EARNINGS FOR SECOND QUARTER AND FIRST HALF OF FISCAL 1994
EVEREST MEDICAL REPORTS RECORD FIRST QUARTER RESULTS; INTRODUCES NEXT GENERATION BIPOLAR SCISSORS
IMEX MEDICAL SYSTEMS REPORTS SALES AND FINANCIAL RESULTS FOR FISCAL 1995 FIRST QUARTER
BIOMET ANNOUNCES FIRST QUARTER RESULTS
Everest Medical Reports Record Sales and Operating Income for Fourth Quarter
Everest Medical Reports 43% Increase in First Quarter Revenues

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters