MPSI SYSTEMS REPORTS RESULTS
MPSI SYSTEMS REPORTS RESULTS TULSA, Okla., Jan. 31 /PRNewswire/ -- MPSI Systems Inc.
(NASDAQ: MPSG) reported a net loss of $1,004,000 or $.12 per share on revenues of $7,620,000 for the first quarter ended Dec. 31, l991, compared with a net loss of $935,000 or $.11 per share on revenues of $7,692,000 for the same period a year ago.
According to Ronald G. Harper, MPSI chairman, the slightly lower revenues in the first quarter of fiscal 1992 compared with the year ago quarter are primarily attributable to reduced sales of MPSI's market studies and other services, partially offset by increased software license renewals. Harper also stated that the decreased profitability for the first quarter of fiscal 1992 over the same period a year ago was caused largely by lower margins on market studies and by an increase in foreign income tax expense. MPSI SYSTEMS INC. For the Quarter Ended Dec. 31, 1991 (A) 1990 Revenues $ 7,620,000 $7,692,000 Income (Loss) - Continuing Operations $ (890,000) $ (825,000) Income (Loss) - Discontinued Operations $ (114,000) $ (110,000) Net Income (Loss) $(1,004,000) $ (935,000) Average Common Shares Outstanding 8,457,690 8,457,690 Earnings (Loss) Per Common Share Income (Loss)-Continuing Operations $ (.11) $ (.10) Income (Loss) - Discontinued Operations $ (.01) $ (.01) Net Income (Loss) $ (.12) $ (.11)
(A) Restated to reflect discontinued operations
-0- 1/31/92 /CONTACT: Quentin Mantooth of MPSI Systems Inc. 918-520-9611/ (MPSG) CO: MPSI Systems Inc. ST: Oklahoma IN: CPR SU: ERN
RM -- SF008 -- 5765 01/31/92 16:22 EST
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|Date:||Jan 31, 1992|
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