Telebyte reports record first quarter.GREENLAWN Greenlawn can refer to more than one location:
See OTC Bulletin Board (OTCBB). :TBTI) reported its seventeenth consecutive profitable quarter. Revenue for the first quarter ended March 31, 1995 was $884,932, an increase of 8.2% over $817,933, reported for the comparable quarter in 1994. Net income for the quarter ended March 31, 1995 was $25,114, or $.02 per share, as compared to $18,112, or $.01 per share, reported in the comparable period of 1994. Joel A. Kramer, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented that the company's sales for the first quarter of 1995 were better than any first quarter in the company's twelve year history. Also of interest is the fact that Intel Corp. has standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. on a Telebyte interface converter (1) A device that changes one set of codes, modes, sequences or frequencies to a different set. See A/D converter. (2) A device that changes current from 60Hz to 50Hz and vice versa. at their new Fab-11 factory. In excess of 1,000 interface converters will be used in this facility and at least one more facility will be upgraded this year, and management expects that Intel Corp. will also use the company's converter for this facility. During the first quarter the company also began shipping abort (1) To exit a function or application without saving any data that has been changed. (2) To stop a transmission. (programming) abort - To terminate a program or process abnormally and usually suddenly, with or without diagnostic information. timers under a government related contract for 2,300 of these devices. New product development continues in the company's core product lines. It is expected that several of these products will contribute to 1995 sales. Management is pleased with the first quarter's results and optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the future. -0-
Telebyte Technology Inc. (TBTI)
Statement of Earnings (Unaudited)
Three months ended
March 31,
1995 1994
Net sales $884,932 $817,933 Net income $ 25,114 $ 18,112 Net income per share $ .02 $ .01 Average shares outstanding 1,511,566 1,536,566 CONTACT: Telebyte Technology Inc. Michael Breneisen, 516/432-3232 ext. 426 |
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