ENVIROGEN REPORTS THIRD QUARTER FINANCIAL RESULTS
ENVIROGEN REPORTS THIRD QUARTER FINANCIAL RESULTS LAWRENCEVILLE, N.J., Nov. 13 /PRNewswire/ -- Envirogen, Inc.
(NASDAQ: ENVG) reported today that its revenues for the quarter ended Sept. 30, 1992, were $861,803, an increase of 82 percent over the similar period a year ago.
Net loss was $1,154,874 or $.20 per share compared to a net loss of $409,421 or $.11 per share a year ago. Significant to the increase in revenues was the inclusion of sales and services generated through an acquisition completed in the fourth quarter of 1991. The company continues to build its infrastructure in all of its key business areas. Envirogen is an innovative environmental biotechnology company dedicated to the business of discovering, developing, and applying new and effective solutions to the task of degrading or transforming toxic and hazardous wastes. Through its subsidiary, Vapex Environmental Technologies, Inc., the company also designs and implements vapor extraction systems for the on-site removal of organic contaminants from soils and groundwater. ENVIROGEN, INC. Third quarter ended Sept. 30 1992 1991 Revenues $861,803 $474,746 Net loss (1,154,874) (409,421) Per share $(.20) $(.11) Nine months ended Sept. 30 1992 1991 Revenues $2,464,813 $1,226,786 Net loss (2,789,342) (902,589) Per share $(.54) $(.29) /delval/ -0- 11/13/92 /CONTACT: Gale Smith, Corporate Communications of Envirogen, 609-936-9300/ (ENVG) CO: Envirogen, Inc. ST: New Jersey IN: SU: ERN
MK-MP -- PH010 -- 0566 11/13/92 09:34 EST
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|Date:||Nov 13, 1992|
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