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AULT REPORTS FISCAL 1993 RESULTS

 MINNEAPOLIS, Aug. 2 /PRNewswire/ -- Ault Incorporated (NASDAQ: AULT) today reported net sales of $21,198,000 for the fiscal year ended May 30, 1993, down from $23,311,000 last year. The company's net loss came to $231,000, or $.11 per share, compared to net income of $646,000 or $.31 per share in fiscal 1992.
 Approximately $200,000 of the company's fiscal 1993 net loss was attributable to reserves for bad debts and inventory adjustments. In the absence of these items, the company's fiscal 1993 net loss from operations would have been $32,000 or $.02 per share.
 Frederick M. Green, Ault's president and chief executive officer, said the company's sluggish sales reflected the impact of the soft economy and extreme pricing pressures in the computer market.
 During the year, he said, the company elected to forego $4 million of revenues from two notebook computer projects due to unacceptably low contract pricing. Green said the company was unable to compensate for this lost revenue through new business with high-volume telecommunications customers due to the weak economy.
 As previously reported, the company terminated over 20 employees at its Minneapolis facility in July to bring corporate overhead in line with anticipated sales. Although the company expects a net loss in the first quarter of fiscal 1994, this significant reduction in overhead expense is expected to return Ault to profitability in the second quarter.
 Green said new order input has started increasing in recent periods. However, he said it is too early to tell if this indicates any permanent strengthening in the company's electronics markets.
 Ault is the nation's largest independent manufacturer of external power supplies and battery chargers for high-end applications in the telecommunications, computer and medical markets. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol AULT.
 AULT INCORPORATED AND SUBSIDIARY
 CONSOLIDATED STATEMENTS OF OPERATIONS
 Years Ended
 03/30/93 03/31/92 06/02/91
 Net sales $21,198,023 $23,311,222 $19,531,357
 Cost of goods sold 15,947,751 17,267,537 14,696,727
 Gross profit 5,250,272 6,043,685 4,834,630
 Operating expenses
 Marketing 2,164,005 2,154,385 2,068,704
 Design engineering 1,157,589 1,049,638 1,062,815
 General and administrative 1,946,159 1,961,027 1,922,427

 -- 5,267,753 5,165,050 5,053,946
 Operating income (loss) (17,481) 878,635 (219,316)
 Nonoperating income (expense)
 Interest income 18,033 -- 21,630
 Interest expense (231,375) (203,794) (90,428)
 Loss on disposal of eqpt. -- (24,872) (5,303)
 Other -- (4,449) (1,115)
 Income (loss) before
 income taxes (230,823) 645,520 (294,532)
 Income taxes (Note 4) -- -- --
 Net income (loss) $(230,823) $645,520 $(294,532)
 Net income (loss) per share $(.11) $.31 $(.15)
 Weighted average number of
 shares and common
 equivalent
 shares outstanding 2,085,460 2,093,391 1,975,376
 See notes to consolidated financial statements.
 -0- 8/2/93
 /CONTACT: Carlos S. Montague, chief financial officer of Ault, 612-493-1900/
 (AULT)


CO: Ault Incorporated ST: Minnesota IN: SU: ERN

KH -- MN011 -- 8383 08/02/93 12:54 EDT
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Date:Aug 2, 1993
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