Printer Friendly

CRAY COMPUTER REPORTS THIRD QUARTER RESULTS

 CRAY COMPUTER REPORTS THIRD QUARTER RESULTS
 COLORADO SPRINGS, Colo., Oct. 21 /PRNewswire/ -- Cray Computer Corp.


(NASDAQ: CRAY) reported a net loss of $37,903,000, or $1.56 per share, for the nine months ended Sept. 30, 1992. This compares with a net loss of $37,593,000, or $1.90 per share for the nine months ended Sept. 30, 1991.
 Net loss for the third quarter of 1992 was $12,020,000 or 49 cents per share compared with a net loss of $12,831,000 or 58 cents per share for the third quarter of 1991.
 Cray Computer is engaged in the design and development of the CRAY-3 computer system.
 CRAY COMPUTER CORP.
 (A Development Stage Enterprise)
 Statements of Operations
 (In thousands, except per share data)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Revenue $83 $83 $250 $249
 Operating costs and
 expenses:
 Cost of revenue 40 40 120 120
 Research &
 development 12,063 13,492 37,873 37,696
 Marketing 157 99 502 344
 General and
 administrative 370 551 1,961 1,830
 12,630 14,182 40,456 39,990
 Operating loss (12,547) (14,099) (40,206) (39,741)
 Other income, net 527 1,268 2,303 2,148
 Net loss $(12,020) $(12,831) (37,903) (37,593)
 Net loss per share $(.49) $(.58) $(1.56) $(1.90)
 Average number of
 common shares
 outstanding 24,389 22,294 24,286 19,808
 -0- 10/21/92
 /CONTACT: Terry Willkom of Cray Computer, 719-579-6464/
 (CRAY) CO: Cray Computer Corp. ST: Colorado IN: CPR SU: ERN


BB -- DV016 -- 3207 10/21/92 18:44 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:Oct 21, 1992
Words:275
Previous Article:POOL ENERGY SERVICES CO. REPORTS THIRD QUARTER RESULTS
Next Article:STP AND CHECKER AUTO PARTS HOST RICHARD PETTY FAREWELL TOUR ACTIVITY AS RACING LEGEND CONCLUDES FINAL SEASON
Topics:


Related Articles
CRAY COMPUTER REPORTS YEAR END RESULTS
CRAY COMPUTER REPORTS SECOND QUARTER RESULTS
CRAY COMPUTER REPORTS SECOND QUARTER RESULTS
CRAY RESEARCH REPORTS SECOND QUARTER RESULTS, LOWERS EARNINGS EXPECTATIONS FURTHER
CRAY COMPUTER CORP. REPORTS 1992 FINANCIAL RESULTS
CRAY COMPUTER REPORTS FIRST QUARTER 1993 FINANCIAL RESULTS
/REPEATING FOR POINTS/
CRAY COMPUTER CORP. REPORTS THIRD QUARTER FINANCIAL RESULTS
CRAY COMPUTER CORP. REPORTS FIRST QUARTER 1994 FINANCIAL RESULTS
CRAY COMPUTER CORP. REPORTS THIRD QUARTER 1994 FINANCIAL RESULTS

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