Crimson...I don't think you sell growth like this...I think you buy it. Let's wait and see what they do:
Digital Biometrics Announces Record Quarterly
Revenues and Earnings
MINNETONKA, Minn., July 20 /PRNewswire/ -- Digital Biometrics, Inc. (Nasdaq: DBII - news), a Minnetonka,
Minn.-based supplier of identification systems and related integration services, today reported record revenues and earnings for
its third fiscal quarter ended June 30, 1999.
The company reported earnings for the quarter of $.42 million, or $0.03 per share, compared to a loss in the same period last
year of $.84 million, or $(0.06) per share. Revenues increased to $6.26 million, up 78% over last year third quarter revenues of
$3.52 million.
For the nine months of fiscal 1999 ended June 30, revenues rose to $13.82 million, up 77% from $7.82 million in the same
period last year. The loss for the first nine months of 1999 decreased to $.68 million, or $(0.05) per share, compared to a loss
of $3.73 million, or $(0.29) per share, in the prior-year period.
James C. Granger, president and chief executive officer, commented, ''We are pleased to build on the momentum of our fiscal
second quarter, the first profitable period in DBI's history. The continued gains in revenues and earnings in the third quarter
demonstrate again the progress we have made in structuring our operations for profitability as well as growth. We are also
delighted to note that revenues for the first nine months of fiscal 1999 have already exceeded the highest annual revenues DBI
has ever recorded, thus assuring us of record revenue performance for the full year of fiscal 1999.''
Digital Biometrics is a leader in the field of identification systems and related server-based systems and systems integration
services. DBI is a leading supplier of computer-based fingerprint capture products used in biometric identification applications
by law enforcement and commercial customers. The company is also a partner in a joint venture with Lakes Gaming, Inc. for
the commercialization of player wager tracking technology for the gaming industry.
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual
results to differ materially from those projected on the basis of such forward-looking statements. Among the most significant of
these risks and uncertainties are the ability of the company to maintain operating profitability; to develop, introduce and build
revenue and profit streams based on new products and services in existing and emerging markets; to satisfy customer delivery
and installation schedules; to maintain adequate liquidity and working capital resources; and to manage the concentration of
accounts receivable and other credit risks associated with selling products and services to governmental entities and other large
customers. For a more complete description of these and other risk factors which may affect the company's future
performance, see ''Risk Factors'' under Item 7 of the company's Annual Report on Form 10-K for the fiscal year ended
September 30, 1998.
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