QUANTRONIX REPORTS RESULTS
QUANTRONIX REPORTS RESULTS NEW YORK, Nov. 15 /PRNewswire/ -- Quantronix Corporation
(NASDAQ: QUAN) of Smithtown, N.Y., today reported the results for the quarter and six months ended Sept. 30, 1991.
Revenues for the second fiscal 1992 quarter were $5,085,000, off 38 percent from the corresponding quarter in the prior year. The net loss was $680,000 compared to net earnings of $357,000 in the second quarter of fiscal 1991. Revenues for the six months ended Sept. 30, 1991 were $10,778,000, off 37 percent from the six months ended Sept. 30, 1990. The net loss for the six months was $1,341,000, compared to net earnings of $641,000 for six months of fiscal 1991. The second quarter loss was comparable to that in the first quarter although revenues were down 10 percent, showing continued expense reduction. Incoming orders currently suggest some improvement in the semiconductor, industrial system and scientific laser segments over the next few quarters. With the break-even point continuing to decline, this gradual revenue improvement should improve financial results. As one step to increase the scientific laser business, Quantronix and Spectra Physics Lasers have announced a strategic alliance to offer complementary elements for complete ultrafast scientific laser systems. Spectra Physics' Ti:Sapphire Oscillators and Quantronix' regenerative amplifiers, tied together in a matched system, will produce significantly more powerful short pulses than has been commercially available before. QUANTRONIX CORPORATION Periods ended Three months Six months Sept. 30 1991 1990 1991 1990 Net sales & services $5,085,000 $8,181,000 $10,778,000 $17,009,000 Net (loss) earnings (680,000) 357,000 (1,341,000) 641,000 Loss per share $(.18) $.08 $(.35) $.15 Weighted average common & common equivalent shares outstanding 3,836,990 4,291,288 3,839,016 4,306,991 -0- 11/15/91 /CONTACT: Donald Mitchell, president of Quantronix, 516-273-6900/ (QUAN) CO: Quantronix Corporation ST: New York IN: SU: ERN CK-KW -- NY093 -- 1736 11/15/91 16:51 EST
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|Date:||Nov 15, 1991|
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