Printer Friendly

OPTELECOM, INC., ANNOUNCES SECOND QUARTER RESULTS

    GAITHERSBURG, Md., Aug. 13 /PRNewswire/ -- Optelecom, Inc. (NASDAQ: OPTC), today announced its revenue and profit figures for the quarter ended June 30, 1993.
                           OPTELECOM, INC.
                                Three Months       Three Months
                                    Ended              Ended
                                June 30, 1993      June 30, 1992
    Revenue                     $ 1,104,095        $ 1,735,942
    Net Income                  $  (225,392)       $   221,962
    Earnings Per Share          $      (.20)       $      0.20
                                 Six Months         Six Months
                                    Ended              Ended
                                June 30, 1993      June 30, 1992
    Revenue                     $ 2,870,316        $ 2,972,499
    Net Income                  $  (121,119)       $   257,063
    Earnings Per Share          $      (.11)       $      0.22
    As predicted in the 1993 first quarter report, the second quarter performance did not match first quarter levels due to several factors, among which were a lack of significant backlog in the R&D Division, higher expenses and lower shipments in the CP Division and initial expenses incurred supporting Optelecom's investment in HydraLite Incorporated.  GLINT Division performance was strong and is expected to remain so for the remainder of the year.  Also, improved CPD revenues are anticipated for the third quarter.
    -0-             08/13/93
    CONTACT:  Dr. William H. Culver, chairman, or Edmund D. Ludwig, president and CEO, Optelecom, 301-840-2121
    (OPTC) CO:  OPTELECOM, INC. IN:  CPR SU:  ERN ST:  MD


-- DC012 -- X641 08/13/93
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 13, 1993
Words:202
Previous Article:McM CORPORATION REPORTS SIX MONTHS AND SECOND QUARTER RESULTS
Next Article:GENERAL MOTORS REPORTS SALES

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