Printer Friendly

ENHANCED ELECTRONICS REPORTS FIRST QUARTER EARNINGS

 DALLAS, Oct. 14 /PRNewswire/ -- Enhanced Electronics Corporation reported record revenues of $18,521,273 for the quarter ended Sept. 30.
 Revenues nearly doubled those of the previous quarter ended June 30, and contributed to net per share earnings of $.063 on net profits of $476,722. Sales for the month of September alone exceeded $7,200,000, which establishes a monthly record for sales volume.
 Phillip L. Scheldt, executive vice president, said the company anticipates revenues to exceed $20 million during the strong October to December sales period. Revenues for the fiscal year ending June 30, 1994 are now projected at $70 million vs. the previously reported estimate of $48 million, Scheldt said.
 Pat Custer, chairman and president, said the company's solid financial position and its ability to make inventory purchases on a cash basis are major factors contributing to the company's strong performance.
 ENHANCED ELECTRONICS CORPORATION
 Three Months Ended Sept. 30
 1993 1992
 Total Revenue $18,521,273 $7,197
 Net Profit 476,722 10,878
 Net Per Share $.063 $.002
 Weighted Average
 Shares Outstanding 7,614,000 6,761,500
 Enhanced Electronics Corporation markets electronics components and specialty technologies from the Far East to North American markets. It acquired marketing rights to the ID Logic(TM) and Syspower(TM) technologies earlier this year. Through Southwest Memory, Inc., a Dallas-based subsidiary, the company is also a supplier of proprietary computer chips and memory chip modules.
 -0- 10/14/93
 /CONTACT: Chris McComb of Investment Marketing Support, 904-273-1551, for Enhanced Electronics/


CO: Enhanced Electronics Corporation ST: Texas IN: CPR SU: ERN

JV-RK -- FL013 -- 2415 10/14/93 16:20 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:Oct 14, 1993
Words:270
Previous Article:INDIANA MICHIGAN POWER TO REDEEM PREFERRED STOCK
Next Article:TECH DATA SALES REACH $1 BILLION
Topics:

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