Printer Friendly

CYBER DIGITAL, INC. REPORTS RECORD FIRST QUARTER RESULTS FOR FISCAL YEAR 1994

 HOLBROOK, N.Y., Aug. 10 /PRNewswire/ -- Cyber Digital, Inc. (OTC: CYBD) today announced record sales, earnings and EPS for the first quarter of fiscal 1994, ended June 30, 1993.
 Revenues for the period reached a record $382,267, representing a 74 percent increase over $219,925, recorded in the same period last year. Net income rose to a record $97,380, or 1 cent per share, compared to net earnings of $23,494 or zero cent per share, representing a 314 percent increase when compared to the first quarter a year ago.
 J.C. Chatpar, chairman and chief executive officer of Cyber Digital, stated, "The record-setting first quarter revenues and net income were the result of an improved market demand for Cyber's products. Furthermore, management's efforts in the area of government contracts both in the United States and internationally are having a positive impact on our company's bottom line."
 Looking to the future, Mr. Chatpar expressed confidence that Cyber Digital will continue to sustain a pattern of improved revenues and earnings. "Our backlog of orders is currently $3.15 million, the highest in Cyber's history."
 Cyber Digital, Inc., is one of a few companies that designs, manufactures, markets and services data and voice telecommunication switching equipment which permits data/voice communication over a standard telephone line.
 CYBER DIGITAL, INC.
 Statements of Income
 (Unaudited)
 Three months ended June 30 1993 1992
 Net sales $382,267 $219,925
 Costs and expenses
 Cost of sales 157,771 79,689
 Selling, general and administrative 128,383 119,136
 Total 286,154 198,825
 Income from operations 96,113 21,100
 Other income and expenses
 Interest income 1,267 2,394
 Net income 97,380 23,494
 Net income per share $0.01 $0.00
 Weighted average number of
 common shares outstanding 12,738,601 12,738,601
 -0- 8/10/93
 /CONTACT: J.C. Chatpar, chairman and chief executive officer of Cyber Digital, 516-471-5270/
 (CYBD)


CO: Cyber Digital, Inc. ST: New York IN: CPR SU: ERN

PS-SM -- NY018 -- 1073 08/10/93 09:31 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 10, 1993
Words:341
Previous Article:HUNTINGDON INTERNATIONAL HOLDINGS REPORTS RESULTS
Next Article:VENTURE STORES, INC. REPORTS SECOND QUARTER EARNINGS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters