Printer Friendly

DIGITAL BIOMETRICS ANNOUNCES FOURTH QUARTER AND YEAR END OPERATING RESULTS

 DIGITAL BIOMETRICS ANNOUNCES FOURTH QUARTER
 AND YEAR END OPERATING RESULTS
 MINNETONKA, Minn., Nov. 27 /PRNewswire/ -- Digital Biometrics, Inc. (NASDAQ: DBII), a Minnetonka based manufacturer of inkless electronic fingerprint systems, today announced operating results for the fourth quarter and fiscal year ended Sept. 30, 1991.
 Sales for the fourth quarter and year ended Sept. 30, 1991 were $849,148 and $1,924,617 compared with $45,479 and $255,209 in the same periods a year ago. Sales for the year ended Sept. 30, 1991, include deliveries to the City of Chicago Police Department of 34 TENPRINTER(R) direct reader systems.
 Net losses for the fourth quarter and year ended Sept. 30, 1991, were $429,409 and $1,588,599 compared with $554,796 and $1,627,154 in the same periods a year ago. The net loss per common share was $.09 and $.36 for the fourth quarter and year ended Sept. 30, 1991, compared with $.17 and $.49 for the same periods a year ago. The per share amounts have been retroactively adjusted to reflect the 3-for-2 stock split effective July 26, 1991.
 The net loss for the year ended Sept. 30, 1991, includes approximately $337,000 or $.08 per common share related to legal expenses incurred in connection with the company's protest of a significant contract awarded to a competitor.
 Jack A. Klingert, president and chief executive officer of Digital Biometrics, said that "the company is pleased with market acceptance of the TENPRINTER direct reader fingerprint system as evidenced by an installed base of 65 systems, most of which were delivered in fiscal 1991. The majority of these installations follow the March 1991 FBI approval of cards produced by the company's TENPRINTER system."
 DIGITAL BIOMETRICS, INC.
 Operating Results
 Fourth Quarter and Year Ended Sept. 30, 1991
 Three Months Ended Year Ended
 9/30/91 9/30/90 9/30/91 9/30/90
 Sales $849,148 $45,479 $1,924,617 $255,209
 Cost of sales 522,343 34,692 1,163,384 170,197
 Gross margin 326,805 10,787 761,233 85,012
 Expenses:
 Sales and marketing 200,985 76,916 532,945 316,361
 Research & development 171,531 201,267 547,373 711,461
 Depreciation and
 amortization 24,654 8,662 55,420 34,271
 General & administrative 370,913 270,933 1,195,692 681,319
 Total expenses 768,083 557,778 2,331,430 1,743,412
 Loss from operations (441,278) (546,991) (1,570,197)(1,658,400)
 Interest income 47,096 431 81,615 46,113
 Interest expense (35,227) (8,236) (100,017) (14,867)
 Net loss (429,409) (554,796) (1,588,599)(1,627,154)
 Net loss per share $(0.09) $(0.17) $(0.36) $(0.49)
 Weighted average shares
 outstanding 4,991,253 3,336,692 4,390,396 3,336,692
 -0- 11/27/91
 /CONTACT: Donald E. Berg of Digital Biometrics, 612-932-0888/
 (DBII) CO: Digital Biometrics, Inc. ST: Minnesota IN: SU: ERN


KH -- MN015 -- 7593 11/27/91 07:00 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 27, 1991
Words:506
Previous Article:THE IKEA $10 CHRISTMAS TREE: FOR CHRISTMAS PRESENT....AND CHRISTMAS FUTURE
Next Article:POINSETTIAS ARE PACKED FOR PRESIDENT AND MRS. BUSH
Topics:


Related Articles
DIGITAL BIOMETRICS ANNOUNCES THIRD QUARTER RESULTS
DIGITAL BIOMETRICS ANNOUNCES FIRST QUARTER RESULTS
DIGITAL BIOMETRICS ANNOUNCES SECOND QUARTER RESULTS
DIGITAL BIOMETRICS ANNOUNCES THIRD QUARTER RESULTS
DIGITAL BIOMETRICS ANNOUNCES FISCAL 1993 FOURTH QUARTER AND YEAR END OPERATING RESULTS
DIGITAL BIOMETRICS ANNOUNCES FISCAL 1995 FIRST QUARTER OPERATING RESULTS
DIGITAL BIOMETRICS ANNOUNCES YEAR END AND FOURTH QUARTER FISCAL 1995 OPERATING RESULTS
DIGITAL BIOMETRICS ANNOUNCES FIRST QUARTER OPERATING RESULTS
Digital Biometrics Announces Fiscal 1996 Third Quarter Operating Results
Digital Biometrics Announces Year End and Fourth Quarter Fiscal 1996 Operating Results

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