WEDC: White Electronic Designs Message Board

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Technology Stocks : WEDC: White Electronic Designs

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From: Fuzzy	2/9/2005 5:04:21 AM
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White Electronic Designs First Quarter Fiscal 2005 Financial Results Phoenix, AZ. February 8, 2005 — White Electronic Designs Corporation (NASDAQ: WEDC) is pleased to report results for the first quarter of fiscal 2005 ended January 1, 2005. Highlights include: • Net sales of $28.9 million • Net income of $1.2 million or $0.05 per diluted share • Total bookings of $31.0 million; book-to-bill: 1.1:1 • Backlog of $53.5 million • Cash and cash equivalents grew to $41 million Net sales for the first quarter of fiscal 2005 were $28.9 million, up slightly compared to sales of $28.8 million in the immediately preceding quarter, and up approximately 12% compared to sales of $25.9 million in the first quarter of fiscal 2004. Net income for the first quarter of fiscal 2005 was $1.2 million or $0.05 per diluted share, compared to net income of approximately $905,000 or $0.04 per diluted share in the immediately preceding quarter, and net income of approximately $1.7 million or $0.07 per diluted share in the first quarter of fiscal 2004.

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