Eric:
Too bad this little pup could not get some coverage.
Tuesday March 7, 4:18 pm Eastern Time
Company Press Release
DSI Toys Inc. Reports Profitable Year-End Results
HOUSTON--(BUSINESS WIRE)--March 7, 2000--DSI Toys Inc. (Nasdaq:DSIT - news) today reported a return to profitability for fiscal year ending December 31, 1999.
The Company reported net income of $1.3 million, or $0.17 per share, for a period of eleven months ending December 31, 1999 compared to a net loss of $1.0 million or a loss of $0.17 per share, for the twelve month period ended January 31, 1999. Gross profit margins as a percentage of sales increased from 20.2% to 28.4% for the respective periods. Net sales for the eleven-month period ending December 31, 1999, were $47.6 million compared to $52.7 million for the twelve-month period ending January 31, 1999.
``DSI has had its first profitable year since its Initial Public Offering in 1997,' stated Michael J. Lyden, president and chief executive officer of DSI Toys Inc. ``We are confident that our focus on proprietary product lines will position DSI for continued success both nationally and abroad.'
``Management has shown a strong commitment toward growth and diversity in a very competitive toy industry. The Board is supportive of management's initiative to build momentum for continued growth and profitability,' said E. Thomas Martin,
I still hold the stock, tucked away for a rainy (or sunny) day. <GGGGGGGGGG>
Ken |
