LASERTECHNICS REPORTS FIRST HALF RESULTS
LASERTECHNICS REPORTS FIRST HALF RESULTS ALBUQUERQUE, N.M., Aug. 13 /PRNewswire/ -- Lasertechnics, Inc.
(NASDAQ: LASX) reported revenue of $3,930,560 for the six months ended June 30, 1992, which was 11 percent more than the $3,543,349 reported in the same half a year earlier. The increase was due mainly to significant increases both in overall imaging product sales and domestic laser marking system sales.
Net loss for the first half was $288,344 or $0.019 per share, which was 37 percent less than the net loss of $457,070, or $0.031 per share, for the first six months of 1991. Lasertechnics' president and chief executive officer, Louis F. Bieck, Jr., stated, "We are pleased with first half operating results in view of the continuing lackluster performance of the economy. Pre-sales activity remains at a high level in both our Imaging Systems and Laser Marking business units." Lasertechnics, Inc. designs, manufactures and markets digital imaging systems for computer graphics and image processing applications. The company also designs, manufactures and markets laser marking systems for the electronics, medical and consumer packaging industries. LASERTECHNICS, INC. AND SUBSIDIARY Condensed Consolidated Statement of Operations (Unaudited) Six Months Ended June 30 1992 1991 Sales $3,930,560 $3,543,349 Net loss (288,344) (457,070) Net loss per share (0.019) (0.031) Weighted average number of common shares outstanding 14,870,480 14,933,361 Three Months Ended June 30 1992 1991 Sales $1,947,101 $1,886,240 Net loss (159,301) (254,068) Net loss per share (0.11) (0.17) Weighted average number of common shares outstanding 14,888,653 14,962,251 -0- 8/13/92 /CONTACT: Louis F. Bieck Jr., president and CEO, or Eugene A. Bourque, vice president and CFO, 505-822-1123, both of Lasertechnics/ (LASX) CO: Lasertechnics, Inc. ST: New Mexico IN: CPR SU: ERN
SH-PS -- NY048 -- 9682 08/13/92 13:36 EDT
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|Date:||Aug 13, 1992|
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