RCM TECHNOLOGIES, INC. REPORTS FIRST QUARTER RESULTS
RCM TECHNOLOGIES, INC. REPORTS FIRST QUARTER RESULTS PENNSAUKEN, N.J., March 25 /PRNewswire/ -- RCM Technologies, Inc.
(NASDAQ: RCMT;BSE: RMT) today reported operating results for the first quarter ended Jan. 31, 1992.
For the first quarter, the company sustained a loss of $206,286 or $.01 per share on revenues of $6,059,432. For the comparable first quarter of 1991, the company sustained a loss of $622,303 or $.04 per share on revenues of $5,474,887. The weighted average number of shares outstanding at Jan. 31, 1992 and 1991 were 14,339,565 and 14,315,815 respectively. Commenting on the results, Leon Kopyt, president and chief operating officer of RCM Technologies, Inc. stated, "Although we have much more work to do, the first quarter results are extremely encouraging. The cuts that were instituted during fiscal 1991 are now being reflected within our operating statement. For the most part, the problems we encountered in fiscal 1991 now seem to be behind us and we are looking forward to improving the performance of the company". RCM Technologies, Inc., through its Intertec Design subsidiary, is primarily involved in providing professional engineering and technical services through 12 offices nationwide, to major corporations in aerospace, chemical and industrial manufacturing. RCM is also involved in the development and marketing of its proprietary System "99", which is designed to control hazardous emissions from smoke stacks, a major cause of acid rain. RCM TECHNOLOGIES, INC. Summary Financial Information (unaudited) Period ended Three Months Ended Jan. 31 1992 1991 Revenues $6,059,432 $5,474,887 Net loss ($ 206,286) ($ 622,303) Net loss per share ($.01) ($.04) Average shares outstanding 14,339,565 14,315,815 -0- 3/25/92 /CONTACT: Leon Kopyt, president & chief operating officer of RCM Technologies, 609-486-1777/ (RCMT) CO: RCM Technologies Inc. ST: New Jersey IN: SU: ERN
AH -- NY046 -- 1540 03/25/92 13:20 EST
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|Date:||Mar 25, 1992|
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