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COMPUTER LANGUAGE RESEARCH, INC., REPORTS THIRD QUARTER 1993 RESULTS OF OPERATIONS AND CASH DIVIDEND DECLARATION

 CARROLLTON, Texas, Nov. 3 /PRNewswire/ -- Computer Language Research, Inc. (NASDAQ: CLRI), today announced results for the third-quarter and nine-month periods ended Sept. 30, 1993. Revenues for the third quarter were $21.9 million in 1993 compared to $21.0 million in 1992. The net results in the third quarter of 1993 improved by $2.1 million to a net income of $600,000, or $0.05 per share, from a net loss of $1.5 million, or $0.11 per share, for the same period in 1992.
 Year-to-date revenues were $79.0 million in 1993 compared to $79.8 million in 1992. Net income for the first nine months of 1993 was $6.0 million, or $0.43 per share, compared to $8.7 million, or $0.63 per share, in 1992. Results for 1992, however, include the cumulative effect of adopting FASB Statement No. 109, "Accounting for Income Taxes" during the fourth quarter of 1992 (effective Jan. 1, 1992) which increased previously reported year-to-date 1992 net income by $5.7 million, or $0.41 per share. Nine month 1993 results of $6.0 million, or $0.43 per share, before considering the cumulative effect of that 1992 accounting change were, therefore, nearly double prior year results.
 The increase in quarter-to-date revenues is primarily attributable to higher sales due to the acquisition of FTS Corporation on July 28, 1992.
 The overall year-to-date decrease in revenues is due to lower revenues from accounting firms resulting from increased competition and lower prices as well as decreased electronic form systems sales, which more than offset higher sales to banks due to the FTS acquisition.
 Total costs and expenses for the third quarter of 1993 were down $2.3 million from the 1992 total for the same period. Year-to-date total costs and expenses decreased $5.3 million compared to 1992. Such declines are primarily due to a change in mix from systems sales to service and software revenues since the company's cost of revenues is substantially greater on systems sales than on service and software sales. Additionally, the company capitalized more software development costs in 1993 due to the accelerated development of Microsoft(R) Windows(TM) applications. Also contributing to the decline are the company's continued cost reduction programs.
 At its Nov. 2 meeting, the board of directors declared a dividend for the fourth quarter of 1993 at the rate of $0.08 per share.
 The dividend is payable Dec. 2, 1993, to shareholders of record on Nov. 17, 1993.
 Computer Language Research, Inc., is headquartered in Carrollton and maintains sales and support facilities throughout the United States. The company provides tax automation systems to accounting firms, banks, corporations, and partnerships under the trade name Fast-Tax. The company also develops and markets Electronic Form Systems for use in its tax markets and for sale to other forms-intensive businesses such as insurance companies, banks, financial service organizations, and the federal and state government.
 COMPUTER LANGUAGE RESEARCH, INC.
 Consolidated Statements of Income
 (In thousands, except per share amounts)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenues $21,947 $21,004 $79,015 $79,807
 Costs and expenses 20,930 23,269 68,952 74,259
 Operating income (loss) 1,017 (2,265) 10,063 5,548
 Interest income 157 54 343 289
 Interest expense 141 241 594 879
 Income (loss) before income
 taxes and cumulative effect
 of accounting change 1,033 (2,452) 9,812 4,958
 Provision (benefit) for
 income taxes 395 (923) 3,752 1,911
 Income (loss) before cumulative
 effect of accounting change 638 (1,529) 6,060 3,047
 Cumulative effect as of
 Jan. 1, 1992, of change
 in method of accounting for
 income taxes -- -- -- 5,694(A)
 Net income (loss) $638 $(1,529) $6,060 $8,741(A)
 Earnings (loss) per share $0.05 $(0.11) $0.43 $0.63(A)
 Weighted average number of
 common and common equivalent
 shares outstanding 14,105 13,786 14,014 13,796
 Condensed Consolidated Balance Sheets
 (In thousands)
 At Sept. 30, 1993 1992
 Assets:
 Cash and cash equivalents $19,046 $1,479
 Accounts receivable, net 11,197 12,011
 Income taxes receivable 261 2,492
 Inventory 3,315 4,764
 Other current assets 1,760 10,600(A)
 Total current assets 35,579 31,346(A)
 Property and equipment, net 25,060 28,768
 Software, net 7,458 6,310
 Intangibles and other assets, net 7,030 8,718
 Total Assets $75,127 $75,142(A)
 Liabilities and Shareholders' Equity:
 Current liabilities $18,470 $23,405
 Non-current liabilities 6,752 8,226(A)
 Shareholders' equity 49,905 43,511(A)
 Total Liabilities and
 Shareholders' Equity $75,127 $75,142(A)
 (A) -- In the fourth quarter of 1992, the company changed its method of accounting for income taxes effective Jan. 1, 1992, from the deferred method to the liability method required by FASB Statement No. 109, "Accounting for Income Taxes." The effect of this change was to increase previously reported year-to-date 1992 net income by $5.7 million and both total assets and total liabilities and shareholders' equity by $378,000.
 -0- 11/3/93
 /CONTACT: Gerard Coffey of G.A. Kraut Company, 212-696-5600; or M. Brian Healy, group vice president/finance and administration of Computer Language Research, 214-250-7000/
 (CLRI)


CO: Computer Language Research ST: Texas IN: CPR SU: ERN DIV

TW-WB -- NY034 -- 0086 11/03/93 11:08 EST
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Date:Nov 3, 1993
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