Prime Medical Systems, Inc.(PMSI) Message Board

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Biotech / Medical : Prime Medical Systems, Inc.(PMSI)

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To: jwk who wrote (84)	5/1/1997 9:07:00 AM
From: l. niedzwiecki	of 210

From Motely Fool, April 30, 1997: <<This morning, PRIME MEDICAL SERVICES (Nasdaq: PMSI) (N) (S) reported that it earned $0.15 per share on revenues of $20.9 million during the first quarter. That represented a 25% increase in EPS and a 189% (no, that's not a typo) increase in sales over the year-ago period. The EPS number beat analysts' consensus estimate by a penny and came in at the high end of the range. The Motley Fool will provide a synopsis of the follow-up conference call as soon as I can whip it together (tomorrow morning, most likely), but the highlights are as follows: * Prime expects to announce a new lithotripsy acquisition soon, in addition to a new mobile unit that should be in operation in Hawaii during the third quarter. Another three to five acquisitions are likely this year and perhaps five to ten more in 1998. * The plan to develop and operate mobile Prostatron routes for treating benign prostate enlargement is proceeding well and is meeting an enthusiastic response particularly among urologists in the western U.S. Prime expects to have three Prostatron machines in operation by the end of the year. * The income statement includes a one-time expense of $360,000 associated with the favorable restructuring of Prime's bank lending facility. With that expense backed out, earnings are even better than the listed $0.15. >> Niedz

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