Veramark Technologies, Inc.
Consolidated Condensed Statements of Operations
Fiscal Year Ended
December 31,
1999 1998
---- ----
Sales $ 24,192,363 $ 17,119,540
Income Before Taxes $ 2,789,452 $ 1,034,427
Income Taxes $ 95,000 $ 15,000
Net Income $ 2,694,452 $ 1,019,427
Net Income Per Diluted Share $ .33 $ .13
Diluted Weighted Average Number of
Shares Outstanding 8,439,812 7,911,759
=========== ===========
Fourth Quarter Ended
December 31,
1999 1998
---- ----
Sales $ 6,979,460 $ 4,838,684
Income Before Taxes $ 621,241 $ 447,844
Income Taxes $ 20,000 $ 15,000
Net Income $ 601,241 $ 432,844
Net Income Per Diluted Share $ .07 $ .06
Diluted Weighted Average Number of
Shares Outstanding 8,963,271 7,750,388
=========== =========== |
