HADRON, INC., ANNOUNCES FIRST QUARTER EARNINGS
HADRON, INC., ANNOUNCES FIRST QUARTER EARNINGS FAIFAX, Va., Nov. 14 /PRNewswire/ -- Hadron, Inc. (NASDAQ: HDRN),
today announced revenues of $8.1 million for the three months ended Sept. 30, 1991, compared to $7.7 million for the same period last year. Hadron reported operating income of $272,802 for the current quarter, compared to $125,127 for the quarter ended Sept. 30, 1990. Hadron had net income of $81,327, or $.006 per share, for the current quarter, compared to a net loss of $59,058, or $.004 per share, for the quarter ended Sept. 30, 1990.
Hadron President and CEO James L. Arnold, stated: "We are pleased to report our third consecutive quarter of profitability. Hadron continues to strive for excellence in service to existing clients and to steadily expand its client base." HADRON, INC., SELECTED FINANCIAL DATA (Unaudited) Three Months Ended Sept. 30, 1991 1990 Total Revenues $8,122,633 $7,683,394 Operating Income 272,802 125,127 Net Income (Loss) 81,327 (59,058) Net Income (Loss) Per Share $ 0.006 $ (0.004) Weighted Average Number of Shares 14,558,093 14,401,191 Hadron, Inc., is an integrated high technology company that provides technical and professional services to businesses and the government. Founded in 1964, Hadron has expertise in the fields of engineering and computer science; computer-based litigation support; computer software development; telecommunications systems engineering; training and instructional technology; integrated logistics support; aerospace sciences; and human factors engineering. Hadron also designs, develops and manufactures specialized communications products for government clients. -0- 11/14/91 /CONTACT: Amber Gordon, vice president, corporate relations, Hadron, Inc., 703-359-6404/ (HDRN) CO: Hadron, Inc. ST: Virginia IN: CPR SU: ERN SB-TW -- DC004 -- 4286 11/14/91 09:21 EST
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|Date:||Nov 14, 1991|
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