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NBI REPORTS SECOND QUARTER RESULTS

 NBI REPORTS SECOND QUARTER RESULTS
 BOULDER, Colo., Jan. 30 /PRNewswire/ -- NBI Inc. (NYSE: NBI)


today reported a net loss from continuing operations for the second fiscal quarter ended Dec. 31, 1991 of $1.3 million or 15 cents per common share. This compares to a net loss from continuing operations of $3.2 million, or a loss of 34 cents per common share for the like period of the previous year. For the six months ended Dec. 31, 1991, the company had a net loss from continuing operations of $1.9 million, or 22 cents per common share. Comparable figures for the first six months of fiscal 1991 reflect a net lscal quarter of 1992 were $3.9 million. Comparable revenue figures for the second fiscal quarter of 1991 were $6.9 million. Revenues for the three months ended Dec. 31, 1991 included $375,000 of royalties resulting from nonexclusive software distribution agreements for NBI's advanced word processing product, Legacy(R).
 The company's improved operating performance this quarter compared to the like period in 1991 was primarily attributable to reduced interest expense resulting from the discontinuance of the interest accrual on prepetition debt due to the Chapter 11 filing on Feb. 6, 1991.
 Stephen G. Jerritts, president and CEO of NBI stated, "Revenue in the second fiscal quarter declined by 16 percent from the preceding quarter due to the continued erosion of our domestic service business. However, we are beginning to close significant orders in the systems integration division from various law firms and corporations.
 NBI will successfully emerge from Chapter 11 bankruptcy on the effective date of Feb. 3, 1992. In accordance with the company's Plan of Reorganization, distributions are expected to occur through April subject to the disposition of the unresolved disputed claims. The Plan provides for the retirement of the 9.5 million shares of common stock currently outstanding, and the issuance of 10 million shares of new common stock to NBI's creditors and stockholders. With the majority of our debt restructured and a strong cash position, NBI looks forward to a successful future in our software, systems integration and service businesses."
 NBI designs and markets advanced word processing software. A leader in the word processing industry for more than a decade, NBI also provides network integration and service and support to a wide base of system users in domestic and international locations.
 NBI INC.
 Summary of Financial Performance
 Second Quarter and Six Months
 Condensed Statement of Operations
 Quarter Ended Six Months Ended
 Dec. 31, Dec. 31,
 1991 1990 1991 1990
 (Unaudited)
 (Amounts in thousands,
 except per share data)
 Revenues $3,920 $6,904 $8,568 $15,112
 Costs and expenses 5,330 9,817 10,587 19,692
 Restructuring costs
 incurred prior to
 Chapter 11 proceeding --- 239 --- 143
 Loss from continuing
 operations before
 reorganization costs and
 income taxes (1,410) (3,152) (2,019) (4,723)
 Reorganization costs
 (reduction) incurred
 subsequent to Chapter 11
 proceeding (67) --- (148) ---
 Loss before income taxes
 and discontinued
 operations (1,343) (3,152) (1,871) (4,723)
 Income tax expense --- --- --- 4,500
 Loss before discontinued
 operations (1,343) (3,152) (1,871) (9,223)
 Discontinued operations,
 net of tax --- --- --- ---
 Net loss $(1,343) $(3,152) $(1,871) $(9,223)
 Loss per share before
 discontinued operations $(.15) $(.34) $(.22) $(.99)
 Discontinued operations
 per share --- --- --- ---
 Net loss per share $(.15) $(.34) $(.22) $(.99)
 Weighted average number
 of common and common
 equivalent shares 9,527 9,527 9,527 9,527
 Condensed Balance Sheet
 Dec. 31,
 1991
 (Unaudited)
 (Amounts in thousands)
 Assets
 Cash, cash equivalents and
 marketable securities $18,168
 Receivables, net 1,120
 Inventories 344
 Other current assets 1,824
 Total current assets 21,456
 Rental equipment, net 5
 Field spare parts, net 507
 Property and equipment, net 499
 Other assets 2,361
 $24,828
 Liabilities and stockholders' equity (deficit)
 Liabilities not subject to compromise:
 Current liabilities:
 Accounts payable 851
 Other current liabilities 2,145
 Net liabilities of discontinued
 operations 138
 Current portion of prepetition debt 29
 Total current liabilities 3,163
 Prepetition secured debt 2
 Total liabilities not subject to
 compromise 3,165
 Liabilities subject to compromise:
 Trade and other miscellaneous claims 7,772
 8 1/4 percent convertible subordinated
 debentures 34,067
 9 percent convertible notes 7,663
 Income tax liabilities 13,793
 Total liabilities subject to
 compromise 63,295
 Total stockholders' equity (deficit) (41,632)
 $24,828
 NOTE: Legacy is a registered trademark of NBI Inc.
 -0- 1/30/92
 /CONTACT: Nancy Hamilton of NBI Inc., 303-938-2808/
 (NBI) CO: NBI Inc. ST: Colorado IN: CPR SU: ERN


MC -- DV001 -- 5087 01/30/92 09:05 EST
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