Printer Friendly

ION LASER TECHNOLOGY ANNOUNCES SHIPMENT OF DEMONSTRATION LASERS, REPORTS RESULTS

 SALT LAKE CITY, Nov. 18 ~PRNewswire~ -- Ion Laser Technology (AMEX: ILT.EC) reported a loss for the second fiscal quarter ending Sept. 30, 1992, of $315,821 on revenues of $595,658. This compares to earnings of $96,963 on revenues of $823,966 for the same quarter in 1991. The loss per share for the quarter is .09 cents, compared to earnings of .03 cents per share during the prior year. For six months, total losses are $365,634 on total revenues of $843,830 compared to earnings of $176,516 on revenues of $868,497 for the same period of the prior year. This represents a loss of .10 cents per share for the six month period ending Sept. 30, 1992, compared to earnings of .06 cents per share for the prior year.
 Losses for the past several quarters were predicted by management as a result of the company's decision to expand the market potential of its laser technology by taking advantage of a unique position identified in the medical~dental market. The company's investment in developing and introducing a new product to this market has been significant, particularly during the past quarter. All development and marketing costs have been expenesed. The company also had significant expense establishing a distribution network and introducing the product during the second quarter. Demonstration lasers are now being shipped to the company's sales representatives throughout the United States and units will be shipped to fill an existing backlog of orders immediately following the Thanksgiving weekend.
 -0- 11~18~92
 ~CONTACT: Lynn Barney of Ion Laser Technology, 801-262-5555~
 (ILT)


CO: Ion Laser Technology ST: Utah IN: CPR SU: ERN

EH-BP -- LA017 -- 2404 11~18~92 13:33 EST
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:Nov 18, 1992
Words:285
Previous Article:ITALIAN GOVERNMENT AUTHORIZES PURCHASE OF AV-8B HARRIER II PLUS
Next Article:DECLINE IN SOUTHERN CALIFORNIA HOME SALES LEVELED OFF SOMEWHAT IN OCTOBER
Topics:


Related Articles
ION LASER REPORTS THIRD QUARTER LOSS
ILT ANNOUNCES FIRST QUARTER EARNINGS, SHIPMENT OF NEW PRODUCT
PLC SYSTEMS REPORTS THIRD QUARTER AND NINE MONTH FINANCIAL RESULTS
PLC Systems Reports Fourth Quarter and Year End Financial Results
Ion Laser Technology Announces Results of Clinical Survey
Ion Laser Technology Announces Results of Clinical Survey
Ion Laser Technology Announces $3 Million Private Placement; LCO Investments with Chairman Richard S. Braddock Increase Stake to 13.35%
Ion Laser Technology Reports Improved First Quarter Results, Sees Fourth Quarter Loss Narrowed Substantially
Coherent, Inc. Announces Preliminary Fourth Quarter Results
Highlights of 15th HAPL meeting.

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