Intelligent 4Q Net 17c A Diluted Share Vs 2c
Dow Jones Newswires
Intelligent Systems Corp. - Norcross, Ga.
4th Quar Dec. 31:
1999 1998
Revenue $1,890,000 $3,718,000
Net income a 926,000 b 88,000
Avg shrs (basic) 5,111,134 5,104,467
Avg shrs (diluted) 5,371,506 5,246,049
Shr earns (basic)
Net income a .18 b .02
Shr earns (diluted)
Net income a .17 b .02
a. Includes a gain of $955,000 on the sale of its interest in an investment and a $89,000 loss in equity of affiliates.
b. Includes $829,000 of income in equity affiliates.
Year Dec. 31:
1999 1998
Revenue $8,479,000 $18,253,000
Net income c 249,000 d (1,548,000)
Avg shrs (basic) 5,106,134 5,104,467
Avg shrs (diluted) 5,336,776 5,104,467
Shr earns (basic)
Net income c .05 d (.30)
Shr earns (diluted)
Net income c .05 d (.30)
Figures in parentheses are losses.
c. Includes investment gains of $2.2 million and $948,000 in losses in equity of affiliates.
d. Includes charges of $944,000 for purchased in-process research and development and $955,000 to discontinue two product lines. Also includes a gain of $5.2 million on investments and $593,000 from income in equity of affiliates.
Intelligent Systems Corp. (INS) said it earns most of its income on an irregular basis when it sells ownership interest in a partner company.
The financial services company said it consolidates the revenue and costs of operations only for those companies in which it owns at least 50% or more of the equity.
-Emily Park; Dow Jones Newswires; 201-938-5400 |
