Printer Friendly

LASERMASTER TECHNOLOGIES REPORTS FOURTH QUARTER PROFITABILITY ON RECORD NET SALES

 LASERMASTER TECHNOLOGIES REPORTS FOURTH QUARTER
 PROFITABILITY ON RECORD NET SALES
 MINNEAPOLIS, July 23 /PRNewswire/ -- LaserMaster Technologies, Inc. (NASDAQ: LMTS) announced today that, on a preliminary basis, it achieved profitability and record net sales during the fourth quarter ended June 30, 1992. Fourth quarter net sales will be approximately $16.5 million this year compared to $12.5 million recorded in the same quarter last year. Net sales during June were also the highest in the company's history.
 According to Mel Masters, LaserMaster's CEO, sales and profitability are consistent with internal budgeting. "As expected, our new WinPrinter and WinJet products are substantial contributors to this sales growth." Introduced in November of 1991, Windows printing products achieved sales of over $4.1 million in the quarter ended June 30, 1992. Indications are that the Windows printing product sales are continuing to ramp. Masters' comments are also in response to sharply declining value in the company's common stock accompanied by significant trading volume during the last several days. Masters added, "LaserMaster's stock price is inconsistent with current and anticipated performance -- we cannot explain it."
 LaserMaster Technologies, Inc. designs, manufactures and markets high resolution, high performance printing systems for the microcomputer market. The LaserMaster product line features the company's proprietary patented TurboRes(R) resolution enhancement technology and patent- pending FastPort(TM) for high-speed parallel port communication.
 -0- 7/23/92
 /CONTACT: Karen Neset of LaserMaster, 612-941-8687/
 (LMTS) CO: LaserMaster Technologies, Inc. ST: Minnesota IN: CPR SU: ERN


AL -- MN001 -- 2301 07/23/92 09:10 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:Jul 23, 1992
Words:252
Previous Article:ITT REPORTS SECOND QUARTER, FIRST HALF EARNINGS
Next Article:CHESAPEAKE REPORTS SECOND QUARTER EARNINGS
Topics:


Related Articles
LASERMASTER TECHNOLOGIES ANNOUNCES PROFIT FOR YEAR ENDED JUNE 30, 1992
LASERMASTER TECHNOLOGIES TARGETS KEY MARKETS FOR WINDOWS PRINTING; ANNOUNCES STAFF, COST REDUCTIONS TO IMPROVE PROFITABILITY
LASERMASTER TECHNOLOGIES, INC. REPORTS RECORD QUARTERLY AND DECEMBER SALES; INCREASE IN UNITY TYPESETTER SALES REDUCES ANTICIPATED LOSS
LASERMASTER REPORTS PROFITABLE THIRD QUARTER; BOTTOM LINE IMPROVES $870,000 FROM DECEMBER QUARTER
LASERMASTER TECHNOLOGIES ANNOUNCES FIRST QUARTER PROFITS OF $.07 PER SHARE ON $20.1M SALES
LASERMASTER TECHNOLOGIES, INC. REPORTS RECORD RESULTS WITH NET SALES UP 55 PERCENT
LASERMASTER TECHNOLOGIES, INC. REPORTS FIRST QUARTER SALES UP 50% AND EARNINGS UP 103% OVER ONE YEAR AGO
LASERMASTER REPORTS THIRD QUARTER REVENUE OF $31 MILLION; PRESSMATE REVENUE OF $3 MILLION IN MONTH OF MARCH
LASERMASTER RESUMES PRESSMATE(TM) SHIPMENTS
LaserMaster Technologies, Inc. Reports Profits of $.06 Per Share To End String of Seven Unprofitable Quarters

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