Printer Friendly

HYTEK ANNOUNCES THIRD QUARTER RESULTS

 CARSON CITY, Nev., Oct. 8 /PRNewswire/ -- Hytek Microsystems Inc. (OTC: HTEK) reported unaudited third quarter 1993 financial results as follows:


HYTEK MICROSYSTEMS (In thousands, except per share data.)
 Statement of Operations Data Quarter Ended Nine Months Ended
 9/25/93 9/26/92 9/25/93 9/26/92
 Net revenues $ 1,018 $ 951 $ 2,445 $ 2,817
 Net income (loss) 90 76 (159) 185
 Income (loss) per share $0.03 $0.03 $(0.06) $0.07
 Weighted average shares
 outstanding 2,751 2,751 2,751 2,751
 Balance Sheet Data 9/25/93 9/26/92
 Assets
 Current assets $ 1,475 $ 1,394
 Net property, plant and equipment 135 201
 Other assets 21 32
 Total assets $ 1,631 $ 1,627
 Liabilities and Equity
 Current Liabilities $ 704 $ 500
 Shareholders' equity 927 1,127
 Total liabilities and equity $ 1,631 $ 1,627
 Hytek reported earnings of 4 cents per share for the year ended Dec. 28, 1991, and earnings of 5 cents per share for the year ended Dec. 26, 1992.
 Founded in 1974, Hytek specializes in hybrid microelectronic circuits that are used in military, computer, telecommunications and other OEM applications. The company's standard products include digital delay lines and thermo-electric cooler controllers.
 -0- 10/8/93
 /CONTACT: James M. Phalan, president and chief executive officer, or Charles S. Byrne, chief financial officer and secretary, both of Hytek, 702-883-0820/
 (HTEK)


CO: Hytek Microsystems ST: California IN: CPR SU: ERN

SG-TB -- SF006 -- 0101 10/08/93 11:14 EDT
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:Oct 8, 1993
Words:248
Previous Article:PHLX TO BEGIN TRADING OPTIONS AND LEAPS(R) ON MARRIOTT INTERNATIONAL (MAR)
Next Article:miro ENTERS U.S. GRAPHICS AND VIDEO CARD MARKET; MAJOR GERMAN COMPUTER COMPANY'S NEW SUBSIDIARY INSTANTLY BECOMES ONE OF THE BIGGEST PLAYERS IN THE...
Topics:

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