Printer Friendly

ASTROCOM CORPORATION ANNOUNCES THIRD QUARTER 1992 RESULTS

 ASTROCOM CORPORATION ANNOUNCES THIRD QUARTER 1992 RESULTS
 ST. PAUL, Minn., Nov. 4 /PRNewswire/ -- Astrocom Corporation today reported results for the third quarter and nine months ended Sept. 30, 1992. In the third quarter, net revenues were $1,572,000, versus revenues of $1,672,000 in the third quarter last year. Net income in the third quarter was $122,000 or $.04 per share, versus $25,000 or $.01 per share last year.
 In the first nine months, Astrocom had a net profit of $99,000 or $.03 per share on net revenues of $4,156,000. Last year, the company had a net loss of $342,000 or $.11 per share on net revenues of $4,402,000.
 Astrocom Corporation designs, manufactures and markets advanced digital communications equipment for the data transmission needs of corporations and other large organizations. Astrocom multiplexers and data sets provide cost-effective long-distance communications via digital public data networks. In a local environment, Astrocom fiber optic and coaxial multiplexers support a broad range of different manufacturers' networks.

 ASTROCOM CORPORATION
 (000's Omitted)
 Third Quarter Year-to-Date
 1992 1991 1992 1991
 Net revenues $1,572 $1,672 $4,156 $4,402
 Gross profit 772 937 2,021 2,361
 Expenses:
 Selling and administrative 488 710 1,408 2,102
 Research and development 128 149 387 455
 Interest expense 34 53 127 146
 Income (loss) before taxes 122 25 99 (342)
 Income taxes (credit) -- -- -- --
 Net income (loss) $122 $25 $99 $(342)
 Net income (loss) per share $.04 $.01 $.03 $(.11)
 -0- 11/4/92
 /CONTACT: Shannon K. Hebert, corporate secretary of Astrocom, 612-227-8651/ CO: Astrocom Corporation ST: Minnesota IN: TLS CPR SU: ERN


DS -- MN002 -- 2351 11/04/92 09:45 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 4, 1992
Words:283
Previous Article:PIONEER-STANDARD INCREASES DIVIDEND 12 1/2 PERCENT
Next Article:FORD CHAIRMAN'S STATEMENT ON 1992 PRESIDENTIAL ELECTION
Topics:


Related Articles
ASTROCOM CORPORATION ANNOUNCES SECOND QUARTER 1992 RESULTS
O'HARA RESIGNS AS PRESIDENT AND CEO OF ASTROCOM
ASTROCOM CORPORATION ANNOUNCES THIRD QUARTER 1993 RESULTS
ASTROCOM CORPORATION ANNOUNCES FIRST QUARTER 1994 RESULTS
ASTROCOM CORPORATION ANNOUNCES SECOND QUARTER 1994 RESULTS
ASTROCOM EXECUTIVES PARTICIPATE IN COMPANY'S FIRST TRADE MISSION TO CHINA
INCNET, INC. BASES STATEWIDE INTERNET SERVICE ON FRAME RELAY WITH ASTROCOM
Astrocom Announces Second Quarter 1996 Results
Astrocom Reduces Prices on WANMaster and NX1
Astrocom Corporation Signs on Regional Manufacturer Representatives

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