Business Summary
Tridex Corporation, through its subsidiaries Ultimate Technology Corporation and
Progressive Software, Inc., and its Tridex Ribbons Division, is a designer, developer,
manufacturer, marketer and integrator of high quality, specialized software and hardware
systems and components for the point-of-sale (POS) industry. Ultimate designs,
manufactures and sells customer displays, keyboards and, terminal devices for POS
applications. Progressive offers three lines of high quality POS and back office software
systems for the restaurant industry: IRIS Quick Serve and IRIS Full Serve, both
Windows NT-based applications, and SMART 2, a DOS-based application on a
Windows NT platform. The Tridex Ribbons Division is a designer, developer,
manufacturer, marketer and integrator of high quality software and hardware systems
and components for the point-of-sale industry and ribbon cartridges for specialty dot
matrix printers.
Financial Summary
Tridex, Inc. designs, develops, manufactures, integrates and sells custom-designed
terminal devices, customer displays, and other peripheral devices used at the retail
point-of-sale. For the nine months ended 9/30/99, net sales increased 56% to $48
million. Net loss decreased 82% to $2.4 million. Revenues reflect the Progressive
acquisition and greater shipments of Ultimate's products. Lower losses also reflect the
absence of a $17.6 million in-process software charge. |
