HEALTHWATCH REPORTS NET INCOME
HEALTHWATCH REPORTS NET INCOME BROOMFIELD, Colo., Nov. 4 /PRNewswire/ -- HealthWatch Inc.
(NASDAQ: HEAL) today reported results of operations for the first quarter ended Sept. 30, 1992. HealthWatch reported net income of $8,886 for the quarter compared to a net loss of $270,602 in the first quarter of fiscal 1992. Sales for the quarter were $2,118,583 compared to sales of $2,404,807 for the prior year first quarter.
"Solid progress has been made during the first quarter. HealthWatch has returned to profitability and is now positioned for the future," reported John W. Erickson, chief operating officer. "We are starting to see the benefits from our new physician office sales force and the acceptance of our cardiovascular products in that market." HEALTHWATCH INC. Financial Summary Three Months Ended Sept. 30, 1992 1991 Revenue $2,118,583 $2,404,807 Operating loss $(90,935) $(189,251) Loss from equity method investment --- $(95,104) Gain from reduction of debt obligation $102,433 --- Net income (loss) $8,886 $(270,602) Net income (loss) per share --- $(0.08) Weighted average shares outstanding 4,839,347 3,201,967 Based in Broomfield, HealthWatch is a developer, manufacturer and distributor of medical instrumentation used in the screening, diagnosis and management of human cardiovascular disease, the leading cause of death in the United States. -0- 11/4/92 /CONTACT: Sanford L. Schwartz of HealthWatch, 303-465-2000/ (HEAL) CO: HealthWatch Inc. ST: Colorado IN: MTC SU: ERN
BB -- DV003 -- 2327 11/04/92 09:01 EST
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|Date:||Nov 4, 1992|
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