ODETICS REPORTS SECOND QUARTER 1992 RESULTS
ODETICS REPORTS SECOND QUARTER 1992 RESULTS ANAHEIM, Calif., Nov. 15 /PRNewswire/ -- Odetics (AMEX: O.A, O.B)
today reported results for the second quarter of fiscal year 1992. Contract revenues and net sales for the second quarter of FY1992 were $16,986,000, compared with $19,685,000 in FY1991. The company reported a net loss for the second quarter of FY1992 of $459,000, compared with a net income of $402,000 for the second quarter of FY1991.
Contract revenues and net sales for the six-month period ended Sept. 30, 1991 were $33,145,000. This compared with $35,599,000 for the same period in 1990. The company reported a net loss per share of ($0.10) for the second quarter of FY1992, compared with net income per share of $0.09 for the second quarter of FY1991. Net loss per share for the first six months of the fiscal year was ($0.23), compared with net earnings per share of $0.14 for the same period last year. ODETICS INC. Condensed Statement of Income (in thousands except per share amounts) Three Months Six Months Ended Sept. 30, Ended Sept. 30, 1991 1990 1991 1990 Revenues and sales $16,986 $19,685 $33,145 $35,599 Net income (loss) ($459) $402 ($1,050) $608 Net income (loss) per share ($0.10) $0.09 ($0.23) $0.14 Odetics, headquartered in Anaheim, provides information and control through automation. The company's Space Division is the world's leading supplier of space tape recorders. -0- 11/15/91 /CONTACT: Holly L. Barnett of Odetics, 714-774-5000/ (O.A O.B) CO: Odetics ST: California IN: CPR SU: AL-CH -- LA008 -- 1529 11/15/91 12:11 EST
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|Date:||Nov 15, 1991|
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