HAUPPAUGE, N.Y., Feb 10 (Reuters) -
HAUPPAUGE DIGITAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Three Months ended
December 31,
1999 1998
---- ----
Net Sales $22,043,649 $15,056,999
Cost of Sales 16,735,724 11,048,110
----------- -----------
Gross Margins 5,307,925 4,008,889
Selling, General and Administrative
expenses 3,083,202 2,309,314
Research & Development Expenses 402,970 241,092
----------- -----------
Income from operations 1,821,753 1,458,483
Other income 84,402 91,168
----------- -----------
Income before taxes on income 1,906,155 1,549,651
Taxes on income 430,000 597,000
----------- -----------
Net income $ 1,476,155 $ 952,651
Net income per share:
Basic $ 0.34 $ 0.22
Diluted $ 0.30 $ 0.21
Weighted average shares-basic 4,346,589 4,297,640
Weighted average shares-diluted 4,891,920 4,599,497
NOTE: Hauppauge said its board of directors authorized the
splitting of its common stock on a two-for-one basis for
shareholders of record on Feb. 24.
Shares resulting from the split are expected to be
distributed by the company's transfer agent on March 24, 2000.
|
