Printer Friendly

BARRISTER REPORTS FIRST QUARTER RESULTS FOR FY '93

 BARRISTER REPORTS FIRST QUARTER RESULTS FOR FY '93
 BUFFALO, N.Y., July 22 /PRNewswire/ -- Barrister Information


Systems Corporation (AMEX: BIS) reported today the results for its fiscal 1993 first quarter. For the quarter ended June 26, 1992, Barrister reported net earnings of $2,000 compared to a net loss of $166,000 for the comparable period last year. Allowing for undeclared preferred stock dividends, there was a loss attributable to common shareholders of $.03 per share for the current quarter compared to a loss of $.33 per share for the same period last year.
 Total revenues for the period declined to $4,095,000 from $4,650,000 for the comparable period last year. Product revenues increased to $1,198,000 from $1,141,000 for the prior year's first quarter, while service revenues decreased to $2,897,000 from $3,509,000. Total operating expenses were reduced in the first quarter of fiscal '93 to $4,033,000 from $4,656,000 for the first quarter of fiscal '92.
 Henry P. Semmelhack, president of Barrister stated: "While the amount of profit realized was not substantial, it is a significant event for the company given the losses of the last few years. A 5 percent growth in product revenues for the comparable first quarters was also gratifying. We believe that this profit, while small, indicates that we are on the right track. We are hopeful that, with our vigilant oversight of expenses and with our success in selling services and products both inside and outside of our traditional law firm client base, we can continPersonal Computers and Local Area Networks. This is an area in which the company has considerable expertise, is almost uniquely qualified based on our past experience and where we see a strong potential for further growth."
 SELECTED FINANCIAL DATA
 (In thousands, except per share data)
 Three Months Ended
 06/26/92 06/28/91
 Revenues $4,095 $4,650
 Net Earnings (Loss) 2 (166)
 Net Earnings (Loss)
 Attributed to Common Shareholders (A) (69) (166)
 Loss Per Common Share (.03) (.33)
 Average Shares Outstanding 2,472 510
 (A) Allows for cumulative preferred dividends in arrears.
 -0- 7/22/92
 /CONTACT: Mark C. Donadio, secretary and general counsel for Barrister Information Systems Corporation, 716-845-5010/
 (BIS) CO: Barrister Information Systems Corporation ST: New York IN: CPR SU: ERN


BM -- CL012 -- 1801 07/22/92 10:54 EDT
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:Jul 22, 1992
Words:398
Previous Article:THE EQUITABLE COMPLETES LARGEST DEMUTUALIZATION EVER IN U.S. HISTORY CONCLUDES INITIAL PUBLIC OFFERING AND SIGNIFICANTLY BOOSTS CAPITAL
Next Article:VF ANNOUNCES RECORD SECOND QUARTER SALES AND EARNINGS; RAISES FULL YEAR EARNINGS GROWTH TARGET AND DECLARES DIVIDEND
Topics:


Related Articles
EDMARK REPORTS FIRST-QUARTER RESULTS
BARRISTER REPORTS THIRD QUARTER RESULTS FOR FY 1993
APA OPTICS REPORTS THIRD QUARTER RESULTS
BARRISTER REPORTS FIRST QUARTER RESULTS FOR FY '94
ZILA INC. POSTS RECORD SALES FOR FISCAL YEAR 1993
BARRISTER REPORTS FIRST QUARTER RESULTS FOR FY '95
BARRISTER REPORTS FIRST QUARTER RESULTS FOR FY '96
BARRISTER INFORMATION SYSTEMS CORPORATION ANNOUNCES FOURTH QUARTER AND YEAR-END RESULTS FOR FISCAL 1995
Barrister Reports First Quarter Results For FY '97
Barrister Reports First Quarter Results for FY '98 and Announces 95th Sale of Javelan(R)

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