Printer Friendly

INFINITE GRAPHICS INCORPORATED REPORTS FIRST QUARTER RESULTS

 INFINITE GRAPHICS INCORPORATED REPORTS FIRST QUARTER RESULTS
 MINNEAPOLIS, Oct. 12 /PRNewswire/ -- Infinite Graphics Incorporated today announced a profit for the first quarter ended July 31, 1992.
 Sales for the first quarter were $1,031,124 compared to $1,231,888 for the same quarter last year. The company reported a first quarter net profit of $31,922 or 1 cent per share compared to a net loss of $22,907 or 1 cent per share in the first quarter a year ago.
 The Engineering Services Division sales remained constant for the first quarter, paralleling the general electronics industry. Software Systems Division sales decreased to $373,142 in the first quarter versus $468,745 in 1991.
 Infinite Graphics has turned a profit for seven consecutive quarters. The company has three issues it continues to address:
 -- Cash flow
 -- New products, new markets, new customers
 -- Search for investment funds
 If management is able to successfully address all the above issues, the company should be postured to operate profitably in the future.
 The company continues to focus on the precision graphics industry, providing phototools and software to design and manufacturing segments.
 The company introduced its latest software product called SeriCAM PAR in June 1992. This produce generates a detailed report that analyzes potential manufacturing problems. The company expects to start receiving significant orders on this product by the end of the second quarter.
 Infinite Graphics Incorporated is a total solutions precision graphics company that has served the engineering and manufacturing marketplace since 1969. Infinite Graphics develops and markets engineering graphics services and products for precision graphics and printed circuit board manufacturing, design and testing. Headquartered in Minneapolis, the company markets its services and products in the United States, Canada and Western Europe.
 INFINITE GRAPHICS INCORPORATED
 Consolidated Statement of Earnings
 (Unaudited)
 Three Months Ended
 7/31/92 7/31/91
 Net sales $1,031,124 $1,231,888
 Other income -- --
 -- 1,031,124 1,231,888
 Costs and expenses 1,039,278 1,208,981
 Earnings before income taxes
 and extraordinary items (8,155) 22,907
 Income taxes -- --
 Earnings before extraordinary
 items (8,155) 22,907
 Extraordinary item 40,076 --
 Net earnings $31,921 $22,907
 Net earnings per common share $.01 $.01
 Weighted average number of
 common and common equivalent
 shares outstanding 2,221,686 2,221,686
 -0- 10/12/92
 /CONTACT: Lee Miller, CFO of Infinite Graphics, 612-721-6283/ CO: Infinite Graphics Incorporated ST: Minnesota IN: SU: ERN


AL -- MN006 -- 8932 10/12/92 15:48 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 12, 1992
Words:414
Previous Article:ROYALE INVESTMENTS, INC. REPORTS THIRD QUARTER RESULTS
Next Article:CHECKERS DRIVE-IN RESTAURANTS ANNOUNCES THE ACQUISITION OF ONE OF ITS PREMIER FRANCHISE TERRITORIES
Topics:


Related Articles
INFINITE GRAPHICS REPORTS YEAR-END RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS SECOND QUARTER RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS THIRD QUARTER RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS YEAR-END RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS FIRST QUARTER RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS THIRD QUARTER RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS FIRST QUARTER RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS YEAR END RESULTS
INFINITE GRAPHICS INCORPORATED REPORTS FIRST QUARTER RESULTS
Infinite Graphics Incorporated Reports Strong Fiscal Year End Results

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters