Printer Friendly

EDMARK REPORTS FIRST-QUARTER RESULTS

 EDMARK REPORTS FIRST-QUARTER RESULTS
 REDMOND, Wash., Oct. 26 /PRNewswire/ -- Edmark Corp. (NASDAQ: EDMK)


today announced results for its first quarter of fiscal year 1993. Sales for the first quarter totaled $1,960,549, up 26 percent from the first quarter in fiscal 1992. Net earnings for the quarter were $80,440, down from $139,030 for the prior year. Per-share earnings for the quarter were 3 cents, compared to 7 cents per share in the prior year. Current quarter per-share earnings reflect the sale of 381,000 shares of common stock on July 1, 1992, to Roanoke Capital Ltd.
 "Expenses associated with our retail launch were expected to have an impact on profitability for the quarter," reported Sally Narodick, chief executive officer. "During the period we built our retail sales and customer support staff, and increased our sales and marketing activities.
 "We continue to be pleased with the progress on our plans," reported Narodick. "Shipments of Millie's Math House and KidDesk began in October, and the initial reaction has been positive. Product reviews in the Wall Street Journal, Fortune Magazine and other trade publications have exceeded our expectations. We were even featured on CNN."
 Edmark Corp. publishes print and software materials for the early childhood and special education markets in schools. The company is currently making its first entry into the retail market in the fall of 1992. Copies of Edmark's catalog and annual report are available from Edmark Corp., P.O. Box 3218, Redmond, WA 98073-3218.
 EDMARK CORP.
 First Quarter Sept. 30, 1992 and 1991
 KEY FINANCIAL ITEMS
 FIRST QUARTER: FY 1993 FY 1992
 Net sales $1,960,549 $1,560,028
 Net earnings 80,440 139,030
 Net earnings per share 0.03 0.07
 At Sept. 30:
 Current assets $4,335,764 $3,612,028
 Total assets 5,832,373 4,083,634
 Current liabilities 684,289 1,206,105
 Stockholders' equity 5,148,084 2,877,529
 Current ratio 6.34 to 1 2.99 to 1
 Debt to equity -- 0.10 to 1
 -0- 10/26/92
 /CONTACT: Fred G. McCulloch, treasurer, Edmark, 206-556-8400/
 (EDMK) CO: Edmark Corp. ST: Washington IN: PUB SU: ERN


SW-LM -- SE005 -- 4565 10/26/92 08:50 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:Oct 26, 1992
Words:368
Previous Article:WILLIAMS CONTROLS ANNOUNCES SETTLEMENT OF DANA CORP. EFPA LITIGATION
Next Article:CHAMPION PARTS REPORTS PROFITABLE OPERATIONS FOR 3RD QUARTER ON LOWER SALES
Topics:


Related Articles
EDMARK ANNOUNCES NEW VICE PRESIDENT, NASDAQ LISTING
EDMARK REPORTS EARNINGS, NEW BOARD MEMBER
EDMARK ATTRACTS NEW CAPITAL FROM LOCAL VENTURE FUND
EDMARK ANNOUNCES RECORD SALES, EARNINGS
EDMARK REPORTS SECOND-QUARTER RESULTS AND NEW SOFTWARE AWARD
EDMARK REPORTS THIRD-QUARTER RESULTS
EDMARK REPORTS YEAR-END RESULTS
EDMARK REPORTS FIRST QUARTER RESULTS
EDMARK ANNOUNCES $5.5 MILLION STOCK SALE TO GROUP LED BY KLEINER PERKINS
EDMARK CLOSES FINANCING AND ELECTS TWO NEW BOARD MEMBERS

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