Printer Friendly

DIGITAL BIOMETRICS ANNOUNCES FIRST QUARTER RESULTS

 DIGITAL BIOMETRICS ANNOUNCES FIRST QUARTER RESULTS
 MINNETONKA, Minn., Feb. 12 /PRNewswire/ -- Digital Biometrics, Inc.


(NASDAQ: DBII), a Minnetonka-based manufacturer of inkless electronic fingerprint systems, today announced operating results for the three- month period ended Dec. 31, 1991.
 Sales for the three-month period ended Dec. 31, 1991, were $525,793 compared with $421,537 in the same period a year ago, an increase of 25 percent.
 Net losses for the three-month period ended Dec. 31, 1991, were $525,364 compared with $327,423 in the same period a year ago. The net loss per common share was $.09 compared with a $.09 loss for the same period a year ago. The per share amounts have been retroactively adjusted to reflect a 3-for-2 stock split effective July 26, 1991.
 The net loss for the three-month period ended Dec. 31, 1991, includes approximately $220,000 of increased research and development expenses when compared to the prior year. These expenses relate primarily to new product development and the manufacture and delivery of prototype units to potential customers.
 Jack A. Klingert, president and chief executive officer of Digital Biometrics, said "we believe the company's focus on new product development will complement the market position achieved by the company's TENPRINTER(R) live-scan booking management system. Law enforcement officials at all levels need new and improved technologies to keep pace with the levels of criminal activity and we are pleased to contribute to their efforts."
 DIGITAL BIOMETRICS
 RESULTS OF OPERATIONS (Unaudited)
 Three Months Ended
 12/31/91 12/31/90
 Sales $525,793 $421,537
 Cost of sales 312,775 240,820
 Gross margin 213,018 180,717
 Selling, general and
 administrative expenses:
 Marketing and sales 205,040 71,502
 Research and development 298,487 79,644
 Depreciation and amortization 23,710 9,102
 General and administrative 271,570 332,134
 Total expenses 798,807 492,382
 Loss from operations (585,789) (311,665)
 Interest income 64,327 6,613
 Interest expense (3,902) (22,371)
 Net loss $(525,364) $(327,423)
 Loss per common share and
 common share equivalents $(.09) $(.09)
 Weighted average common shares
 outstanding 5,664,471 3,559,817
 -0- 2/12/92
 /CONTACT: Donald E. Berg of Digital Biometrics, 612-932-0888.
 (DBII) CO: Digital Biometrics, Inc. ST: Minnesota IN: SU: ERN :END


DS -- MN003 -- 9115 02/12/92 09:29 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:Feb 12, 1992
Words:388
Previous Article:NSC CORPORATION REPORTS FOURTH QUARTER EARNINGS PER SHARE 40 PERCENT ABOVE FOURTH QUARTER 1990
Next Article:AT&T AND RUSSIAN TELECOMMUNICATIONS COMPANY DALNYA SVIAZ SIGNS AGREEMENT
Topics:


Related Articles
DIGITAL BIOMETRICS ANNOUNCES SECOND QUARTER RESULTS
DIGITAL BIOMETRICS ANNOUNCES FIRST QUARTER RESULTS
DIGITAL BIOMETRICS ANNOUNCES TENPRINTER SYSTEM ORDERS
DIGITAL BIOMETRICS ANNOUNCES FISCAL 1993 FOURTH QUARTER AND YEAR END OPERATING RESULTS
DIGITAL BIOMETRICS ANNOUNCES TENPRINTER SYSTEM ORDERS
DIGITAL BIOMETRICS ANNOUNCES FISCAL 1995 FIRST QUARTER OPERATING RESULTS
DIGITAL BIOMETRICS ANNOUNCES FIRST QUARTER OPERATING RESULTS
Digital Biometrics Announces State of Connecticut Contract
Digital Biometrics Announces Los Angeles Mugshot Installation
NEC Technologies Awards Contract Valued in Excess of $1 Million to Digital Biometrics for Live-Scan Fingerprint Systems and Customized Software...

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