ASTRO SCIENCES CORP. REPORTS RESULTS
ASTRO SCIENCES CORP. REPORTS RESULTS CHATSWORTH, Calif., March 3 /PRNewswire/ -- Astro Sciences Corp.
(OTC pink sheets: AOSC) is reporting third quarter unaudited results which show revenues of $1,511,433 and profits of $205,587. This equates to $.05 per share. These figures, as compared to revenues of $786,330 and profits of $43,130 for the same period a year ago, represent increases of 92 percent and 476 percent, respectively. Revenues for the nine-month period ending Dec. 31, 1991, are being reported as $2,727,638 and resulted in profits of $44,663. This equals $.03 per share. Revenues and profits for the same period a year ago were $2,180,256 and $102,430, respectively. The current year's nine-month profits were affected by the cost of introducing new products during the first two quarters of this year. Starting with the third quarter, the company significantly increased order and shipment levels which positively affected revenues for that quarter. These positive trends are continuing into the last quarter.
Astro Sciences develops and manufactures communications computers and software for remote access to local area networks (LANs) as well as for other network applications. The company's products are currently manufactured and marketed by its J&L Information Systems Division. The J&L Division's well-known ChatterBox has been used mainly as remote access communications servers for LANs for the past four years; however, the latest member of this product line, the Network Resource Server (NRS), also made up of multiple processors, has a capacity of over 50 processors in one cabinet and offers the network user numerous other options. In addition to remote access, the ChatterBox/NRS can simultaneously be used as database servers, electronic mail and fax servers, and even as file servers. In the last six months, the company's products have won four of the most prestigious first place awards offered by the leading publications in the industry. These include "Remote Pick" from Byte Magazine, "Recommended for Networking" from LAN Times, "Editor's Choice" from PC Magazine, and "1992 Product of the Year" from Lan Magazine. The company recently displayed several of its other new communications products at Networld '92 last February in Boston. Networld is a major trade show dedicated to the local area network (LAN) industry. Some of these new products are designed to further increase the company's market share of the high-end segment, while others, such as its new E-PostCard, are designed to position the company in the lower cost segment of the market. The company reports that orders are at an all-time high. To meet the demand, production facilities have been enlarged plus staff and financial resources expanded. -0- 3/3/92 /CONTACT: A.C. Lubash, president of J&L Information Systems, of 818-709-1778/ (AOSC) CO: Astro Sciences Corp. ST: California IN: CPR SU: ERN
CH-AL -- LA015 -- 4447 03/03/92 11:24 EST
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|Date:||Mar 3, 1992|
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