Printer Friendly

DCX ANNOUNCES THIRD QUARTER EARNINGS

 FRANKTOWN, Colo., Aug. 16 /PRNewswire/ -- DCX Inc. (NASDAQ: DCXI), a designer and manufacturer of sophisticated electronic products primarily for the defense industry, today reported a loss of $111,164 or 3 cents per share, for the third quarter ended June 30, 1993. DCX attributed the loss to lower production volume and work stoppages resulting from uncertainties surrounding the new administration's defense budget, and to research and development expenditures. The company indicated that much of the work has since been reinstated or replaced and that its R & D funding has begun to result in additional production orders.
 Fred Beisser, the company's chief financial officer, indicated the recently announced award of $2.8 million in follow-on contracts for defense industry contractors and an exclusive manufacturing agreement to produce commercial fluid level sensors should have a positive impact on DCX's revenues in the near term. Beisser also reported that the company has received another partial payment of compensable damages related to its previously announced settlement of litigation with the U.S. Government.
 DCX is a designer and custom manufacturer of electronic interconnect assemblies and electro-mechanical devices for applications in aerospace, defense and industry where high reliability is required. The company has assets of $6.5 million, shareholders' equity of $3.6 million, and its 3,229,569 shares of common stock have a book value of $1.12 per share.
 DCX INC.
 9 Mos 93 3rd Qtr 93 9 Mos 92 3rd Qtr 92
 Net sales $615,869 $262,459 $1,345,643 $435,278
 Gross profit 593,574 208,984 323,268 69,255
 Income (loss)
 from operations $402,401 $130,284 $(135,863) $(77,147)
 Inc from opns/sh $(.17) $(.04) $(.05) $(.03)
 Net income (loss) $(548,039) $(111,164) $(124,333) $(76,412)
 Net income
 (loss)/share $(.17) $(.03) $(.04) $(.03)
 -0- 8/16/93
 /CONTACT: Fred Beisser of DCX, 303-688-6070 or 303-378-0720/
 (DCXI)


CO: DCX Inc. ST: Colorado IN: CPR ARO SU: ERN

MC -- DV007 -- 3310 08/16/93 18:17 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 16, 1993
Words:333
Previous Article:QUORUM AND CHARTER MEDICAL SIGN DEFINITIVE PURCHASE AGREEMENT FOR HOSPITAL PURCHASE
Next Article:MATTHEWS RESIGNS FROM DATA RESEARCH
Topics:

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