ANAREN ANNOUNCES FISCAL YEAR-END RESULTS
ANAREN ANNOUNCES FISCAL YEAR-END RESULTS SYRACUSE, N.Y., Sept. 2 /PRNewswire/ -- Anaren Microwave, Inc.
(NASDAQ: ANEN) has announced its results of operations for the 13 weeks and full fiscal year ended June 27, 1992.
Sales for the year ended June 30, 1992, were $33,020,416, a seven percent increase from sales of $30,980,789 reported at June 30, 1991. Sales for the fourth quarter were $9,880,306, a four percent increase from sales of $9,491,823 during the fourth quarter of fiscal 1991. The net loss for the year amounted to $904,972, for a loss per share of $.20, compared to net earnings during the prior fiscal year of $786,487 for earnings per share of $.18. Net results for the fourth quarter were earnings of $45,802 for earnings of $.01 per share, compared to earnings of $390,617 and earnings per share of $.09 during the fourth quarter of fiscal 1991. Weighted average shares outstanding are 4,502,540 for fiscal 1992, compared to 4,408,223 for fiscal 1991. Fiscal Year Fourth Quarter 52 weeks 12 months 13 weeks Three months 6/27/92 6/30/91 6/27/92 6/30/91 Sales $33,020,416 $30,980,789 $9,880,306 $9,491,823 Net Income (Loss) $ (904,972) $ 786,487 $ 45,802 $ 390,617 EPS $ (.20) $ .18 $ .01 $ .09 Anaren, located in Syracuse, N.Y., designs and manufactures microwave components, assemblies and receiver subsystems for use in tactical electronic applications for defense of ships, aircraft and land vehicles. It is traded on the NASDAQ Over-the-Counter National Market under the symbol ANEN. -0- 9/2/92 /CONTACT: Carl W. Gerst, executive vice president of Anaren Microwave, Inc., 315-432-8909, or Anthony D'Angelo of Sage Marcom, Inc., 315-478-6612, for Anaren Microwave, Inc./ (ANEN) CO: Anaren Microwave, Inc. ST: New York IN: ARO SU: ERN
KK -- CL005 -- 5754 09/02/92 08:39 EDT
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|Date:||Sep 2, 1992|
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