HADRON, INC., ANNOUNCES FISCAL 1992 FINANCIAL RESULTS
HADRON, INC., ANNOUNCES FISCAL 1992 FINANCIAL RESULTS FAIRFAX, Va., Sept. 29 /PRNewswire/ -- Hadron, Inc.
(NASDAQ: HDRNC), today announced revenues of $29 million and net income of $411,000, or 3 cents per share, for the fiscal year ended June 30, 1992. For the fiscal year ended June 30, 1991, Hadron reported revenues of $31.7 million and a net loss of $1.9 million, or 13 cents per share. Operating income for the 1992 fiscal year was approximately $320,000, compared to $611,000 for the 1991 fiscal year.
A number of non-recurring items affected Hadron's financial results for both years; in fiscal 1991 such items had an aggregate negative impact, and in fiscal 1992, such items had a net positive impact. Hadron has experienced revenue declines in certain lines of business while in other business units, revenues are increasing. The start-up timing of new business has not yet produced revenue increases sufficient to offset certain declines and therefore Hadron does not anticipate profitable operations in the first quarter of fiscal 1993. HADRON, INC. Selected Financial Data (in 000s, except for per share data) Years Ended June 30, 1992 1991 Total Revenues $ 29,075 $ 31,647 Operating Income 320 611 Net Income (Loss) 411 (1,877) Net Income (Loss) Per Share $0.03 $(0.13) Weighted Avg. No. of Shares Outstanding 14,580,897 14,405,993 Shareholders' Equity $ 2,179 $ 1,693 Hadron, Inc., provides businesses and the government with expert technical services, systems integration and product development in fields including computer-based litigation support, custom software development, and computer-based training and instructional technology. -0- 9/29/92 /CONTACT: Amber Gordon, vice president, corporate relations, Hadron, 703-359-6404/ (HDRNC) CO: Hadron, Inc. ST: Virginia IN: SU: ERN
MH -- DC004 -- 4269 09/29/92 09:55 EDT
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|Date:||Sep 29, 1992|
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