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CONCURRENT COMPUTER REPORTS THIRD QUARTER EARNINGS: REDUCED COST STRUCTURE RESULTS IN SECOND CONSECUTIVE QUARTER OF PROFIT

 CONCURRENT COMPUTER REPORTS THIRD QUARTER EARNINGS:


REDUCED COST STRUCTURE RESULTS IN SECOND CONSECUTIVE QUARTER OF PROFIT
 OCEANPORT, N.J., May 4 /PRNewswire/ -- Concurrent Computer Corporation (NASDAQ: CCUR) today announced it had net income of $.9 million, or 9 cents per share in its third quarter ended March 31, 1992, compared with a loss of $17.3 million, or $9.17 loss per share in the previous year's quarter. This represents the company's second consecutive quarter of net income following its November 1991 restructuring and recapitalization.
 Operating income dramatically improved from a loss of $8 million in the prior year to a profit of $6.1 million in the most recent quarter, reflecting improvements in the company's cost structure and manufacturing processes. Prior-year results include non-recurring charges of approximately $6 million.
 Net sales were $54.9 million in the third quarter, compared with $60.7 million in the previous year. The company stated that the sales decline was expected and reflects the effects of general economic conditions on product and service revenue, especially in the United States, and some residual effects of the company's recapitalization activities completed late last year.
 "We are pleased to have posted a profit for the second consecutive quarter," said Denis R. Brown, chairman and CEO of Concurrent. "Our dramatically improved cost structure has boosted earnings in the face of a worldwide recession and delays in customer purchase decisions."
 Brown also stated that the combination of debt repayments and the November 1991 recapitalization reduced interest expense to $3.7 million in the third quarter from $6.9 million in the previous year. Brown added that the company is ahead of schedule in its domestic bank debt payments due to strong cash flow.
 Regarding the near-term outlook, Brown indicated that the highly competitive environment and poor economic conditions lead him to be cautious in his expectations of continued earnings at current levels. He emphasized that the company planned to maintain tight spending controls while sustaining its momentum in new product development and strategic marketing programs.
 For the nine months ended March 31, 1992, Concurrent posted net income of $60.1 million, or $8.50 per share, compared with a net loss of $39.3 million, or $20.94 loss per share in the prior year. The current period includes an extraordinary gain on early extinguishment of debt of $61.1 million, or $8.65 per share. There was no comparable extraordinary item in the prior year.
 Operating income for the nine months was $14.1 million, compared with a loss of $16.3 million in the prior year. Net sales of $170.1 million in the current nine-month period compares with $192.8 million in the prior year.
 The company also announced that it had registered for resale its debt and equity securities issued in its November 1991 recapitalization.
 Headquartered in Oceanport, Concurrent Computer Corporation is the leading producer of high-performance, real-time computing systems worldwide. Its systems provide real-time solutions in aerospace, simulation, financial trading, transaction processing, testing and measurement, communications, gaming and the public sector.
 CONCURRENT COMPUTER CORPORATION
 Consolidated Statements of Operations
 (Unaudited; dollars in thousands, except per-share amounts)
 Periods ended Three Months Nine Months
 March 31 1992 1991(A) 1992 1991(A)
 Net sales:
 Computer systems $29,394 $31,535 $90,547 $107,178
 Service and other 25,501 29,160 79,547 85,656
 Total 54,895 60,695 170,094 192,834
 Cost of sales:
 Computer systems 12,630 24,932 43,539 69,706
 Service and other 14,848 17,711 46,563 53,505
 Total 27,478 42,643 90,102 123,211
 Gross margin 27,417 18,052 79,992 69,623
 Operating expenses:
 Research and development 6,175 9,321 19,853 29,597
 Marketing 11,618 12,361 34,573 42,270
 General and administrative 3,526 4,368 11,419 14,037
 Total operating expenses 21,319 26,050 65,845 85,904
 Operating income (loss) 6,098 (7,998) 14,147 (16,281)
 Interest expense (3,704) (6,858) (13,195) (20,271)
 Interest income 354 297 1,018 927
 Other income (expense) - net (785) (1,762) (195) (1,578)
 Inc. (loss) bef. prov. for
 inc. taxes and extraord. gain 1,963 (16,321) 1,775 (37,203)
 Provision for income taxes 1,100 1,000 2,800 2,100
 Net income (loss) before
 extraordinary gain 863 (17,321) (1,025) (39,303)
 Extraordinary gain on early
 extinguishment of debt -- -- 61,102 --
 Net income (loss) 863 (17,321) 60,077 (39,303)
 Net income (loss) per share:
 Primary:
 Net income (loss) before
 extraordinary gain $0.09 $(9.17) $(0.15) $(20.94)
 Extraordinary gain on early
 extinguishment of debt -- -- 8.83 --
 Net income (loss) 0.09 (9.17) 8.68 (20.94)
 Fully diluted:
 Net income (loss) before
 extraordinary gain 0.09 (9.17) (0.15) (20.94)
 Extraordinary gain on early
 extinguishment of debt -- -- 8.65 --
 Net income (loss) 0.09 (9.17) 8.50 (20.94)
 Weighted average number of common
 shares and common stock equivs.:
 Primary 9,447 1,889 6,917 1,877
 Fully diluted 9,447 1,889 7,066 1,877
 (A) -- Reclassified to conform to current-year presentation.
 -0- 5/4/92
 /CONTACT: Robert L. Tobias of Concurrent, 908-870-5888/
 (CCUR) CO: Concurrent Computer Corporation ST: New Jersey IN: CPR SU: ERN


GK-CK -- NY058 -- 6055 05/04/92 12:37 EDT
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Date:May 4, 1992
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