Printer Friendly

CYBER DIGITAL REPORTS FISCAL 1992 EARNINGS

 CYBER DIGITAL REPORTS FISCAL 1992 EARNINGS
 HOLBROOK, N.Y., July 14 /PRNewswire/ -- Cyber Digital, Inc.


(NASDAQ: CYBD), today announced its third consecutive year of profitability from operations.
 Income from operations for fiscal year ended March 31, 1992 was $206,234 or $.02 per share as compared with $239,945 or $.02 per share for fiscal 1991. Net income for fiscal 1992 was $21,761 or $.02 per share as compared to $887,561 or $.07 per share for fiscal 1991 which included extraordinary gains of $692,996 or $.05 per share due to debt extinguishment in fiscal 1991.
 Sales for fiscal 1992 was $1,154,184 as compared with $1,225,685 for fiscal 1991.
 In March 1992, the company raised equity capital through private placements of its securities in the amount of $250,500 for 250,000 shares of its common stock. Total working capital increased to $617,540 in 1992 from $320,542 in 1991. The current ratio increased to 2.1 to 1 in 1992 from 2.0 to 1 in 1991.
 The current backlog of orders has soared to $4.6 million. "Fiscal 1992 results are especially noteworthy in light of the current economic climate," said J.C. Chatpar, chairman and chief executive officer. "Our high level of operating profit percentage of 18 percent will assure us of continued strong growth in the current fiscal year."
 Cyber Digital, Inc. designs, manufactures, markets and services data and voice telecommunication switching equipment.
 CYBER DIGITAL, INC.
 Fiscal year March 31 1992 1991
 Sales 1,154,184 1,225,685
 Cost of sales 529,944 503,947
 S,G&A expenses 418,006 581,793
 Income from operations 206,234 239,945
 Other income (expense) 4,527 (45,380)
 Extraordinary gain -- 692,996
 Net income 210,761 887,561
 Net income per share $.02 $.07
 Common shares outstanding 12,738,601 12,448,101
 -0- 7/14/92
 /CONTACT: J.C. Chatpar, chairman and chief executive officer of Cyber Digital, 516-471-5270/
 (CYBD) CO: Cyber Digital Inc. ST: New York IN: TLS SU: ERN


TS-SM -- NY023 -- 9016 07/14/92 10:22 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:Jul 14, 1992
Words:352
Previous Article:LA QUINTA ANNOUNCES PROPOSAL FROM EXEL INNS
Next Article:SOUTHEASTERN PUBLIC SERVICE COMPANY REPORTS RESULTS
Topics:


Related Articles
CYBER DIGITAL REPORTS PROFITS IN CURRENT AND PRIOR FISCAL YEARS
CYBER DIGITAL, INC. REPORTS SECOND QUARTER RECORD EARNINGS
CYBER DIGITAL REPORTS THIRD QUARTER EARNINGS
CYBER DIGITAL, INC. REPORTS YEAR END RESULTS
/C O R R E C T I O N -- CYBER DIGITAL, INC./
CYBER DIGITAL, INC. REPORTS RECORD FIRST QUARTER RESULTS FOR FISCAL YEAR 1994
CYBER DIGITAL, INC. REPORTS SECOND QUARTER AND FIRST HALF RESULTS FOR FISCAL 1994, ENDED SEPT. 30, 1993
CYBER DIGITAL, INC. REPORTS THIRD QUARTER AND NINE MONTHS UNAUDITED RESULTS
CYBER DIGITAL, INC. REPORTS FIRST QUARTER RESULTS
CYBER DIGITAL, INC. ANNOUNCES RETURN TO PROFITABILITY; FIRST QUARTER REVENUES UP 83 PERCENT

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