Mikron Instrument reports financial results.OAKLAND, N.J.--(BUSINESS WIRE)--March 27, 1996--Mikron Instrument Company Inc. ("MIKR") today reported results for the first quarter ended Jan. 31, 1996. For the quarter ended Jan. 31, 1996, Mikron's revenues were $1,643,181, an increase of 18.9% over last year's first quarter revenues of $1,382,025. This revenue growth was attributable to the company's increased sales efforts and a better economic climate. Mikron's net income for the quarter was $30,452, or $.009 per share, an increase of 60.1% over last year's first quarter earnings of $19,019, or $.005 per share. Selling, general and administrative expenses for the three months ended Jan. 31, 1996 were $777,000 as compared to $646,000 for the same period in 1995. This 20.2% increase represents the hiring of new personnel for the Sales and Quality Control departments and the write off for certain promotional materials. Also, in an effort to develop new infrared thermometers Infrared thermometers measure temperature using blackbody radiation (generally infrared) emitted from objects. They are sometimes called laser thermometers if a laser is used to help aim the thermometer, or non-contact thermometers , the company boosted its investment in research and development from $101,722 in the first quarter of 1995 to $113,145 for the same quarter of 1996, representing an 11.2% increase. Among other things, Mikron mi·kron n. Variant of micron. anticipates applying for ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 Certification during the second quarter of 1996, which will help the company expand its International distribution channels. K. Irani, President of Mikron, says, "We are now well positioned for continued growth and new product development. The horizon for the application of infrared An invisible band of radiation at the lower end of the visible light spectrum. With wavelengths from 750 nm to 1 mm, infrared starts at the end of the microwave spectrum and ends at the beginning of visible light. technology in such diverse areas as research, and the industrial, automotive and consumer markets is expanding rapidly. Mikron intends to exploit this phenomenon through its depth of market knowledge, experience and technological know how." Mikron has been an innovative leader in the field of non-contact infrared temperature measurement and control since 1969. Today, the company provides for industry and research, a broad range of instruments with exceptional accuracy and capability, from lightweight, convenient portable units to more sophisticated, computer compatible measurement systems. Mikron is also in the forefront of thermal imaging technology with systems that include the high accuracy, high resolution M9000 Imaging Pyrometer featuring a patented, solid state detector array camera. In addition, Mikron offers users of infrared thermometers, radiometers, heat flux flux In metallurgy, any substance introduced in the smelting of ores to promote fluidity and to remove objectionable impurities in the form of slag. Limestone is commonly used for this purpose in smelting iron ores. meters, thermal imaging systems and spectrographic spec·tro·graph n. 1. A spectroscope equipped to photograph or otherwise record spectra. 2. A spectrogram. spec analyzers a full line of blackbody radiation blackbody radiation The electromagnetic radiation that a perfect blackbody would give off at a given temperature. A warm blackbody would emit radiation with a higher average frequency than a cooler one. Noun 1. calibration calibration /cal·i·bra·tion/ (kal?i-bra´shun) determination of the accuracy of an instrument, usually by measurement of its variation from a standard, to ascertain necessary correction factors. sources, traceable to National Institute of Standards and Technology National Institute of Standards and Technology, governmental agency within the U.S. Dept. of Commerce with the mission of "working with industry to develop and apply technology, measurements, and standards" in the national interest. (NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. ).
Mikron Instrument Company Inc.
Statements of Operations
(Unaudited)
Three months ended
Jan. 31,
1996 1995
Revenues:
Net sales $1,608,561 $1,341,450
Royalties 25,000 32,721
Investment income 9,620 7,854
Total revenues 1,643,181 1,382,025
Costs and Expenses: Cost of goods sold 722,615 615,115 Selling, general and administrative 776,969 646,169 Research and development 113,145 101,722 Total costs and expenses 1,612,729 1,363,006 Net income (loss) $ 30,452 $ 19,019 Net income (loss) per share $ 0.01 $ 0.01 Weighted average number of shares 3,734,856 3,688,050 CONTACT: Mikron Instrument Company Inc. Alex Wu, 201/405-0900 |
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