NANOMETRICS REPORTS FOURTH QUARTER 1991 RESULTS
NANOMETRICS REPORTS FOURTH QUARTER 1991 RESULTS SUNNYVALE, Calif., Feb. 28 /PRNewswire/ -- Nanometrics Inc.
(NASDAQ: NANO) today reported revenues and operating results for the fourth quarter and year ended Dec. 31, 1991.
Revenues for the fourth quarter were $4.1 million, a decrease of 5 percent compared with $4.3 million for the same quarter of 1990. The company reported operating income of $101,000 and net income of $140,000 or $.02 per share. This compares with an operating loss of $2,145,000 and a net loss of $2,423,000 or $.35 per share in the fourth quarter a year ago. Revenues for the year ended Dec. 31, 1991, were $18.0 million representing a 2 percent decrease from $18.4 million for the comparable period in 1990. The company reported an operating loss of $680,000 and a net loss of $434,000 or $.06 per share for the current year compared with an operating loss of $3,232,000 and a net loss of $3,061,000 or $.44 per share for the same period in 1990. At Dec. 31, 1991, the company had $4.7 million in cash and short-term investments, $11.6 million in working capital and its current ratio was 3.8 to 1. Nanometrics' principal products are optical and scanning electron microscope-based measurement and inspection stations utilized in the manufacture of semiconductors. -0- 2/28/92 /CONTACT: Vincent J. Coates of Nanometrics, 408-746-1600/ (NANO) CO: Nanometrics ST: California IN: CPR SU: ERN
RM -- SJ004 -- 3969 02/28/92 21:06 EST
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|Date:||Feb 28, 1992|
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