Printer Friendly

TECHNOLOGY MARKETING INC. ANNOUNCES RESULTS FOR THIRD QUARTER ENDED NOV. 30, 1991

 TECHNOLOGY MARKETING INC. ANNOUNCES RESULTS
 FOR THIRD QUARTER ENDED NOV. 30, 1991
 IRVINE, Calif., Jan. 23 /PRNewswire/ -- Technology Marketing Inc. (NASDAQ: TMKT) today announced the financial results for the third quarter of fiscal year 1992. Revenues in the third quarter ended Nov. 30, 1991 were $1,760,289, resulting in net income of $23,386. This compares with revenues of $1,218,739 and a net loss of $323,590 for the same period a year ago. Net income per share for the current quarter was $.01 as compared to a net loss of ($.11) for the same period a year ago.
 For the nine-month period ended Nov. 30, 1991, TMI recorded a net income of $191,718 on revenues of $5,420,915. This compares with a net loss of $379,187 on revenues of $4,992,109 for the same period last year. Net income per share for the nine months ended Nov. 30, 1991 was $.06, as compared to a net loss per share of ($.12) for the period ended Nov. 30, 1990.
 Net profit for the third quarter of fiscal year 1992 was lower than net profit in both the first and second quarters of fiscal 1992. This occurred primarily due to an increase in the cost of sales and contract expenses. The full extent of this increase was partially offset by continued reductions in overhead and operating expenses.
 Technology Marketing Inc., headquartered in Irvine, is comprised of the Electronic Test Products Divisions, a supplier of computer controlled Automatic Test Equipment used by electronic manufacturers worldwide; and the Advanced Systems Development Division, a design center for development of computer based high technology products.
 TECHNOLOGY MARKETING INC. AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited)
 Three months ended
 Nov. 30, 1991 Nov. 30, 1990
 Revenues
 Net sales and
 contract revenues $1,700,538 $1,157,530
 Royalty and other income 59,751 61,209
 Total revenues 1,760,289 1,218,739
 Costs and expenses 1,733,484 1,521,209
 Income (loss) before
 income taxes 26,805 (302,470)
 Income taxes (3,419) (21,120)
 Net income (loss) 23,386 (323,590)
 Per share data
 Net income (loss) $.01 ($.11)
 Weighted average
 number of shares 3,068,850 3,068,850
 Nine months ended
 Nov. 30, 1991 Nov. 30, 1990
 Revenues
 Net sales and
 contract revenues $5,266,487 $4,899,818
 Royalty and other income 154,428 92,291
 Total revenues 5,420,915 4,992,109
 Costs and expenses 5,205,442 5,350,176
 Income (loss) before
 income taxes 215,473 (358,067)
 Income taxes (23,755) (21,120)
 Net income (loss) 191,718 (379,187)
 Per share data
 Net income (loss) $.06 ($.12)
 Weighted average
 number of shares 3,068,850 3,068,850
 -0- 1/23/92
 /CONTACT: Robert Vesely, CFO of Technology Marketing, 714-863-1100/
 (TMKT) CO: Technology Marketing Inc. ST: California IN: CPR SU: ERN


KJ-CH -- LA018 -- 2826 01/23/92 12:58 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 23, 1992
Words:493
Previous Article:McDONNELL AIRCRAFT CO. ROLLS OUT FIRST U.S. NAVY T-45 GOSHAWK JET TRAINER BUILT IN ST. LOUIS
Next Article:AMERADA HESS REPORTS EARNINGS
Topics:


Related Articles
HOWTEK INC. ANNOUNCES 1991 THIRD QUARTER RESULTS
MARLTON TECHNOLOGIES ANNOUNCES 1991 THIRD QUARTER EARNINGS
LEECO DIAGNOSTICS THIRD QUARTER RESULTS
RIEDEL ENVIRONMENTAL TECHNOLOGIES INC. ANNOUNCES THIRD-QUARTER RESULTS
WAVEMAT INC. ANNOUNCES RESULTS OF ITS THIRD QUARTER AND NINE MONTHS ENDED SEPT. 30, 1991
AG SERVICES OF AMERICA ANNOUNCES THIRD QUARTER RESULTS
UNIQUEST ANNOUNCES SECOND QUARTER RESULTS
GZA GEOENVIRONMENTAL TECHNOLOGIES REPORTS THIRD QUARTER FY92 RESULTS
WEGENER CORPORATION ANNOUNCES FIRST QUARTER RESULTS
LASER MEDICAL TECHNOLOGY, INC. ANNOUNCES SALES OF $1.2 MILLION IN THIRD QUARTER AND FORECASTS MUCH LOWER LOSSES IN FOURTH QUARTER

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters