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 SAN DIEGO, Nov. 5 /PRNewswire/ -- Xscribe Corp. (NASDAQ: XSCR), today reported revenues and earnings for its second quarter and six- month period ended Sept. 30, 1993.
 For the second quarter ended Sept. 30, 1993, Xscribe more than doubled its revenues. Current quarter revenues were $5,410,000 compared to revenues of $2,581,000 for the same quarter a year earlier. This increase was due entirely to the contribution of Photomatrix (PMX), whose revenues included about $600,000 of non-recurring sales.
 Net income for the second quarter ended Sept. 30, 1993, was $242,000 ($.02 per share) compared to net income of $181,000 ($.02 per share) in the same quarter a year earlier. The current quarter income was generated primarily by the computer-aided transcription (CAT) segment; the imaging segment posted about break-even results.
 For the six months ended Sept. 30, 1993, Xscribe reported revenues of $9,895,000 and net income of $525,000 ($.04 per share). This compares to revenues of $4,767,000 and net income of $314,000 ($.03 per share) for the comparable six-month period of the prior year.
 Suren G. Dutia, Xscribe's president and chief executive officer, stated, "We are encouraged by new product opportunities that will begin to contribute to our revenues in the immediate future. In the current quarter, our CAT segment introduced the revolutionary vision 486 product and generated a healthy level of initial backlog. We are also encouraged by the market interest generated by our new PMX Series 6000 document scanner. In addition, we negotiated an important strategic alliance to sell ICL enterprise-wide communication systems and closed that transaction on Oct. 25, 1993."
 Dutia further stated, "The positives about our new products and the ICL transaction have been tempered somewhat by our break-even results at PMX. We are concerned that demand for aperture card scanners is soft, primarily because of U.S. Department of Defense spending cuts and delays. Further, adverse market conditions for microfiche duplicators indicate that Eastman Kodak's calendar year 1994 orders will likely be less than current year levels. As a result, we are continuing our cost controls at PMX while focusing on the marketing of our new document scanners."
 Xscribe Corp.'s CAT segment designs and markets high-technology computer-aided transcription and real-time litigation support software and hardware products for legal professionals. Xscribe's imaging segment provides microfiche duplicators and high performance microfilm and document-scanning systems and services to the government and private sectors. Xscribe's newest subsidiary, Lexia Systems Inc., is the exclusive distributor of ICL office automation products including workgroup, department and enterprise-wide communication, X.400 mail, calendaring, workflow and image-management systems to the legal marketplace and major U.S. corporations.
 Selected Financial Data
 Quarter ended Sept. 30,
 1993 1992
 Revenues $5,410,000 $2,581,000
 Pre-tax income
 from operations 280,000 170,000
 Net income 242,000 181,000
 Fully diluted net income per share $0.02 $0.02
 Average shares and
 equivalent shares outstanding 15,780,000 9,649,000
 Six months ended Sept. 30,
 1993 1992
 Revenues $9,895,000 $4,767,000
 Pre-tax income
 from operations 585,000 294,000
 Net income 525,000 314,000
 Fully diluted net income per share $0.04 $0.03
 Average shares and equivalent
 shares outstanding 14,935,000 9,649,000
 -0- 11/5/93
 /CONTACT: Bruce C. Myers, VP-operations and CFO of Xscribe, 619-457-5091, ext. 319/

CO: Xscribe Corp. ST: California IN: CPR SU: ERN

MF-EH -- SD003 -- 1247 11/05/93 12:56 EST
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Publication:PR Newswire
Date:Nov 5, 1993

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