CPT REPORTS FIRST QUARTER RESULTS
CPT REPORTS FIRST QUARTER RESULTS EDEN PRAIRIE, Minn., Dec. 12 /PRNewswire/ -- CPT Holdings, Inc.
(formerly CPT Corporation), which is the parent corporation of CPT Office Systems, Inc., the Eden Prairie-based office automation firm, today announced revenues of $1.9 million and a loss of $.7 million for the first quarter ended Sept. 30, 1991.
CPT HOLDINGS, INC. (In thousands, except per share data) First Quarter Ended 9/30/91 9/30/90 Total revenues $1,903 $3,653 Net loss (662) (3,084) Net loss per share $(.09) $(2.13) Loss per share for the three months ended Sept. 30, 1990, is calculated based on the weighted average number of shares outstanding after giving effect to the one-for-ten reverse stock split through the issuance of Class B common shares to prior shareholders under the provisions of the Plan of Reorganization. Loss per share for the three months ended Sept. 30, 1991, is calculated based on the weighted average number of Class B common shares and the additional 5,780,480 shares of Class A Common Stock to be issued to creditors under the provisions of the Plan of Reorganization. -0- 12/12/91 /CONTACT: David Priebe of CPT Holdings, Inc., 612-949-1728/ CO: CPT Holdings, Inc. ST: Minnesota IN: SU: ERN
AL -- MN014 -- 2163 12/12/91 17:25 EST
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|Date:||Dec 12, 1991|
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