Financial Tables:
ALPHAREL, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
(Unaudited)
(in thousands except per share data)
For The Three Months For The Six Months
Ended June 30, Ended June 30,
1996 1995 1996 1995
Revenues $6,106 $3,351 $12,167 $6,502
Cost of revenues 2,133 1,422 4,646 3,114
Gross profit 3,973 1,929 7,521 3,388
Operating expenses:
Research and development 849 335 1,756 560
Marketing and sales 1,394 778 2,647 1,471
General and
administrative 854 399 1,565 721
Total operating expenses 3,097 1,512 5,968 2,752
Income from operations 878 417 1,553 636
Interest and other income 20 36 46 70
Interest and other expense (21) (26) (47) (54)
Income before taxes 875 427 1,552 652
Provision for taxes -- -- -- --
Net income $ 875 $ 427 $1,552 $ 652
Net income per share $0.05 $0.03 $0.08 $0.05
Weighted average shares
outstanding 19,187 14,068 18,468 14,066
ALPHAREL, INC.
CONSOLIDATED BALANCE SHEET
(in thousands)
ASSETS
June 30, 1996 Dec. 31, 1995
(Unaudited)
Current assets:
Cash and cash equivalents $ 901 $ 4,656
Short term investments 90 270
Receivables 8,157 4,207
Inventory 455 469
Other current assets 779 803
Total current assets 10,382 10,405
Long-term assets 8,959 8,597
Total assets $19,341 $19,002
LIABILITIES AND SHAREHOLDERS" EQUITY
Current liabilities $ 5,222 $ 9,466
Long term liabilities 774 1,420
Shareholders" equity 13,345 8,116
Total liabilities and
shareholders" equity $19,341 $19,002
--30--jr/sf* cmf/sf
CONTACT: Alpharel/Trimco
Jay Tanna, 619/625-3000 (CEO)
John W. Low, 619/625-3000 (CFO) |
