Gregg was discussing my stock-of-the-day pick, DAWK.
Did you all see this? Great performance considering the
industry and chip troubles of the last year.
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30,
1996 1995 1996 1995
Contract revenue $30,009,000 $17,398,000 $80,441,000 $48,149,000
Cost of contracts 25,531,000 14,909,000 69,380,000 43,377,000
Gross profit 4,478,000 2,489,000 11,061,000 4,772,000
Sales, general &
administrative
expenses 2,765,000 2,121,000 7,787,000 5,490,000
Earnings (loss)
from operations 1,713,000 368,000 3,274,000 (718,000)
Other income
(expense), net (118,000) 22,000 388,000 220,000
Earnings (loss)
before income
taxes 1,595,000 390,000 3,662,000 (498,000)
Income (taxes)
benefit (580,000) (148,000) (1,376,000) 190,000
NET EARNINGS (LOSS) $1,015,000 $ 242,000 $2,286,000 $ (308,000)
Net earnings (loss)
per share $0.08 $0.02 $0.18 $(0.03)
Weighted average
shares outstanding 12,350,550 12,299,830 12,339,598 12,192,223
Daw Technologies Inc.
Selected Condensed Balance Sheet Data
(Unaudited)
Sept. 30, Dec. 31,
1996 1995
Current assets $43,862,000 $33,552,000
Property and equipment,
net at cost 7,728,000 6,438,000
Other long-term assets 105,000 82,000
Total assets $51,695,000 $40,072,000
Current liabilities $27,753,000 $18,121,000
Long-term liabilities 2,166,000 2,542,000
Shareholders' equity 21,776,000 19,409,000
Total liabilities and
shareholders' equity $51,695,000 $40,072,000
CONTACT: Daw Technologies Inc., Salt Lake City
Sharon Madden, 801/977-3236 |
