You know AVTI is pretty undervalued compared to SRAM, which is another good company. It ran to over $4.00 but compare their profits. Just more proof to me that AVTI is a great buy whenever it dips.
(COMTEX) B: SIMTEK ANNOUNCES FINANCIAL RESULTS FOR 1999
B: SIMTEK ANNOUNCES FINANCIAL RESULTS FOR 1999
COLORADO SPRINGS, Colo., Feb 20, 2000 /PRNewswire via COMTEX/ --
Simtek Corporation, (OTC Bulletin Board: SRAM) provider of the world's
fastest re-programmable nonvolatile semiconductor memories, announced
financial results for the fourth quarter and year ending December 31,
1999.
The company posted its first ever $2 million quarter and record annual
revenue of $7 million for 1999. Fourth quarter revenue of $2,052,734
showed 49% growth over the same period in 1998. Total 1999 revenue of
$6,992,338 compared with $6,180,550 for 1998.
Income from operations grew substantially from a fourth quarter loss in
1998 of $151,993 to a profit of $264,302 in the fourth quarter of 1999.
Operations income for the year grew from $31,454 in 1998 to $172,112 in
1999.
Net income grew from a loss of $32,911 for the fourth quarter of 1998
to a net profit of $278,798 for the fourth quarter of 1999. Net income
was $162,781 for 1998 and $132,255 for 1999. Net income includes
approximately $135,000 debenture interest expenses during 1999. |
