Printer Friendly

HEALTHWATCH REPORTS 1993 OPERATING RESULTS

 BROOMFIELD, Colo., Nov. 11 /PRNewswire/ -- HealthWatch Inc. (NASDAQ: HEAL) today reported results of operations for the year ended June 30, 1993. HealthWatch reported net losses of $1,047,975 during 1993 as compared to a loss of $2,855,399 for the previous year. Revenues were $6,094,862 as compared to revenues of $7,240,106 for the previous year.
 "HealthWatch has made significant improvement towards profitability during the year by improving the efficiency and productivity in operations. Losses were reduced during the fiscal year by over 50 percent as compared to last year's results in spite of lower revenues," reported John Greenbaum, newly appointed president and chief executive officer. "We are looking forward to enhancing the performance of our existing Cambridge and Life Sciences Businesses as well as the introduction of the METAMED IV product line during the 1994 fiscal year."
 HEALTHWATCH INC.
 FINANCIAL SUMMARY
 1993 1992
 Revenue $6,094,862 $7,240,106
 Net income (loss) $(1,047,975) $(2,855,399)
 Net income (loss) per share $(0.22) $(0.67)
 Weighted average shares outstanding 4,846,363 4,273,398
 Based in Broomfield, HealthWatch is a developer and distributor of medical instrumentation used in the screening, diagnosis and management of human cardiovascular disease and more recently intravenous therapy.
 -0- 11/11/93
 /CONTACT: John Greenbaum of HealthWatch, 303-465-2000/
 (HEAL)


CO: HealthWatch Inc. ST: Colorado IN: MTC SU: ERN

MC -- DV004 -- 3280 11/11/93 13:46 EST
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:Nov 11, 1993
Words:241
Previous Article:ANR TO SERVE SCOTT PAPER PLANT IN KENTUCKY
Next Article:BELMAC TRIMS LOSSES TO $.06 PER SHARE
Topics:

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