Printer Friendly

INSIGNIA SYSTEMS, INC. REPORTS RECORD REVENUES AND FIRST QUARTER PROFIT

 MINNEAPOLIS, April 20 /PRNewswire/ -- Insignia Systems, Inc. (NASDAQ: ISIG) today reported record net sales of $3,385,226 for the first quarter ended March 31, 1993, an increase of 35 percent, compared to net sales of $2,514,008 for the first quarter of 1992. Net income for the first quarter of 1993 was $107,719, or $.02 per share, compared to net income of $51,155, or $.01 per share for the first quarter of 1992.
 G.L. Hoffman, president and CEO of Insignia stated, "We are pleased with our consistent revenue growth and positive earnings. We've increased investment in our core business as well as new product development to fuel future growth. With our recent move to a larger facility we substantially increased our sales and related workforce by 22 people or 20 percent in the first quarter. We also invested heavily in our second product, a PC-based sign and label software product tradenamed Stylus(R) which will be introduced in 2Q '93. We believe these expenditures will begin generating positive results in late 1993. We continue to be optimistic about our longer term future as we balance building our core business while investing in new products."
 Insignia Systems, Inc. develops and markets signage and related products to the retail industry.
 INSIGNIA SYSTEMS, INC.
 Results of Operations
 (Unaudited)
 Three Months Ended
 3/31/93 3/31/92
 Net sales $3,385,226 $2,514,008
 Costs and expenses 3,317,063 2,504,055
 Net income $107,719 $51,155
 Net income per share $0.02 $0.01
 Weighted average shares and
 share equivalents outstanding 5,289,393 5,363,397
 -0- 4/20/93
 /CONTACT: John A. Fahlberg, EVP-Finance/CFO of Insignia Systems, 612-930-8203/
 (ISIG)


CO: Insignia Systems, Inc. ST: Minnesota IN: SU: ERN

AL -- MN027 -- 8196 04/20/93 14:40 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:Apr 20, 1993
Words:306
Previous Article:JAMES R. REED NAMED STAFF VICE PRESIDENT-COMMUNICATIONS FOR McDONNELL DOUGLAS
Next Article:CHEMICAL BANKING REPORTS RESULTS
Topics:


Related Articles
INSIGNIA SYSTEMS REPORTS FOURTH QUARTER RESULTS
INSIGNIA SYSTEMS REPORTS FIRST QUARTERLY PROFIT
INSIGNIA SYSTEMS REPORTS FOURTH QUARTER PROFIT
INSIGNIA SYSTEMS, INC. REPORTS RECORD REVENUES AND SECOND QUARTER PROFIT
INSIGNIA SYSTEMS, INC. REPORTS RECORD REVENUES AND THIRD QUARTER PROFIT
INSIGNIA SYSTEMS, INC. REPORTS RECORD REVENUES AND FIRST QUARTER PROFIT
INSIGNIA SYSTEMS, INC. REPORTS SECOND QUARTER RESULTS
INSIGNIA SYSTEMS, INC. REPORTS FIRST QUARTER RESULTS
INSIGNIA SYSTEMS, INC. REPORTS SECOND QUARTER RESULTS
INSIGNIA SYSTEMS, INC. REPORTS FIRST QUARTER RESULTS

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