DCI has made tremendous gains over the last year. Several new divisions have been added. Cyberfax, DCI UK (formerly Crossmain LTD.), CARDCALL Canada and CARDCALL UK. All these divisions have added a vast amount to the bottom line. Evidence of this is shown in the latest 8-K. DCI has posted two straight quarters of profits. Revenues are expanding at an accelerating pace with the first quarter of FY 97 being more than all of FY 96. It will be interesting to see what revenues will be by the end of FY 97 (March 31,98). Check the following link to see current and past news storys.
biz.yahoo.com
Here is the release with the first quarter numbers.
DCI Reports Profitable First Quarter Results
STRATFORD, Conn., July 24 /PRNewswire/ -- DCI Telecommunications, Inc.
(OTC Bulletin Board: DCTC), an international supplier of long distance
telephone services, prepaid cellular and telephone cards, today reported
results for the first quarter ended June, 30, 1997.
First quarter net income increased to $70,000 or one cent per share compared
with a net loss of $137,000 or four cents per share for the comparable period
a year ago. Worldwide consolidated revenue totaled $3,114,000, compared with
revenue of $540,000 in the same period last year.
Net income per share is based on 8,915,931 average shares outstanding in the
quarter and 3,389,051 shares outstanding for the same period last year.
Joseph J. Murphy, president and chief executive officer of DCI, said,
"Overall, we're very pleased with these first quarter results. Our mergers
and acquisitions have proved very beneficial and, in fact, were mainly
responsible for our second profitable quarter.
"In addition, during the quarter we signed marketing agreements with several
key niche marketers which when fully operational we believe will provide
strong revenue growth. These agreements are representative of our growth
strategy of forming marketing partnerships to target businesses and consumers
not well-served or actively pursued by the supercarriers," concluded Murphy.
DCI Telecommunications is an international supplier of telephone services
including long distance service, cards and prepaid cellular. The company has
an extensive distribution network throughout North America and Europe. DCI
also owns telephone switching facilities in Canada and the United Kingdom.
DCI TELECOMMUNICATIONS, INC.
Financial Highlights (Unaudited)
For the Three Months Ended
6/30/97 6/30/96
Sales $3,114,000 $540,000
Net income 70,000 (137,000)
Earnings per share $.01 ($.04)
Shares outstanding 8,915,931 3,389,051
Safe Harbor Statement under the Private Securities Litigation Act of 1995:
The statements which are not historical facts contained in this press release
are forward-looking statements that involve certain risks and uncertainties
including but not limited to risks associated with the new uncertainty of
future financial results, additional financing requirements, development of
new products, regulatory approval processes, the impact of competitive
products or pricing, unpredictability of patent protection, technological
changes, the effect of economic conditions and other uncertainties detailed
in
the company's filings with the Securities and Exchange Commission.
SOURCE DCI Telecommunications, Inc.
CO: DCI Telecommunications, Inc.
ST: Connecticut
IN: TLS
SU: ERN
07/24/97 07:59 EDT prnewswire.com |
