Printer Friendly

DAEDALUS ANNOUNCES SECOND-QUARTER RESULTS

 DAEDALUS ANNOUNCES SECOND-QUARTER RESULTS
 ANN ARBOR, Mich., March 13 /PRNewswire/ -- Daedalus Enterprises,


Inc. (NASDAQ: DDEI) today announced earnings of $26,000, $0.05 per share, on revenues of approximately $1,028,000 for the second quarter of fiscal year 1992. This is compared to earnings of $66,000, $0.11 per share, on revenues of $977,000 for the comparable period of the preceding fiscal year.
 The earnings for the six months ended Jan. 31, 1992, were $51,000, $0.09 per share, on revenues of approximately $2,080,000 as compared to a loss of $155,000, $0.27 per share, on revenues of $1,448,000 for the comparable period of the preceding fiscal year.
 The improvement in earnings is primarily attributable to the increase in sales for the six months ended Jan. 31, 1992, as compared to the same period of the prior fiscal year.
 Backlog as of Jan. 31, 1992, was $3.5 million as compared to $1.7 million one year earlier. The backlog increased substantially in February 1992 as the company received a major international product development contract which had been under negotiation for many months. The majority of the Jan. 31, 1992, backlog is expected to be filled in fiscal 1992. The backlog generated by the receipt of the international product development contract will be filled over the next 18 months and is expected to contribute to sales and profits for the current fiscal year.
 Daedalus Enterprises, Inc. is a leading developer and manufacturer of remote sensing instruments used for environmental measurements and monitoring.
 -0- 3/13/92
 /CONTACT: Vincent J. Killewald or Thomas R. Ory, of Daedalus, 313-769-5649/
 (DDEI) CO: Daedalus Enterprises, Inc. ST: Michigan IN: SU: ERN


DH -- DE021 -- 7845 03/13/92 13:49 EST
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:Mar 13, 1992
Words:295
Previous Article:MESA AND WESTAIR REVISE AGREEMENT ON MERGER
Next Article:PONTIAC SALES CONTINUE POSITIVE MOMENTUM
Topics:


Related Articles
DAEDALUS ANNOUNCES FIRST-QUARTER RESULTS
DAEDALUS ANNOUNCES THIRD-QUARTER RESULTS
DAEDALUS ANNOUNCES ANNUAL RESULTS
DAEDALUS ANNOUNCES SECOND QUARTER RESULTS
DAEDALUS ANNOUNCES FIRST QUARTER RESULTS, CURRENT BUSINESS PROSPECTS, AND REDUCTION IN WORK FORCE
DAEDALUS ANNOUNCES DELAY IN RECEIVING ORDER AND ANTICIPATED SECOND QUARTER LOSS
DAEDALUS ANNOUNCES SECOND QUARTER RESULTS
Daedalus Announces Year-End Results
Daedalus Announces Second Quarter Results
Daedalus Announces Second Quarter Results

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