LASERTECHNICS REPORTS FIRST QUARTER RESULTS
LASERTECHNICS REPORTS FIRST QUARTER RESULTS ALBUQUERQUE, N.M., May 27 /PRNewswire/ -- Lasertechnics, Inc.
(NASDAQ: LASX), today reported revenue of $1,983,459 for the three months ended March 31, 1992, which was 17 percent more than the $1,657,109 reported in the same period a year earlier. The increase resulted from improved sales in both of the company's primary business units -- imaging systems and laser marking.
Net loss for the first quarter was $129,043, or $0.009 per share, which was 35 percent less than the net loss of $203,002, or $0.014 per share, for the first three months of 1991. Lasertechnics' president and chief executive officer, Louis F. Bieck, Jr., stated, "The company's financial results for the period exceeded our internal projections. We are encouraged by the quarter's results and the fact that we are maintaining a high level of pre-sales activity for both business units. If the domestic economy can maintain a growth trend, we expect the company's performance to improve throughout the year." Lasertechnics, Inc., designs, manufactures and markets digital imaging systems for computer graphics and image processing applications. The company also designs and manufactures laser marking systems marketed to the electronics, medical, and consumer packaging industries. LASERTECHNICS, INC., AND SUBSIDIARY Condensed Consolidated Statement of Operations (Unaudited) Three months ended March 31 1992 1991 Sales $1,983,459 $1,657,109 Net loss $ (129,043) $ (203,002) Net loss per share $(0.009) $(0.014) Weighted average of common shares outstanding 14,850,658 14,904,150 -0- 5/27/92 /CONTACT: Louis F. Bieck, Jr., president, or Eugene A. Bourque, vice president and CFO of Lasertechnics, 505-822-1123/ (LASX) CO: Lasertechnics, Inc. ST: New Mexico IN: CPR SU: ERN
TQ-GK -- NY059 -- 4340 05/27/92 14:46 EDT
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|Date:||May 27, 1992|
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