SAN JOSE, Calif., Oct. 20 /PRNewswire/ -- SDL, Inc. (NASDAQ:SDLI) today
announced quarterly revenue and earnings.
For the third quarter ended September 30, 1997, SDL reported revenue of
$24.0 million compared to revenue of $19.4 million in the third quarter of
1996. Third quarter 1997 net income rose 160% to $2.5 million or $0.17 per
share compared to net income of $0.9 million or $0.07 per share reported for
the third quarter 1996. Earnings per share for the third quarter of 1997 were
computed based on 14.4 million shares, compared to 14.1 million shares in
1996.
For the nine months ended September 30, 1997, SDL reported revenue of
$66.5 million and a net loss of $26.5 million, or $1.97 per share, compared to
revenue of $61.4 million and net income of $5.5 million, or $0.43 per share
for the first nine months of 1996. The loss in 1997 was due to a second
quarter one-time charge primarily related to the settlement of a lawsuit.
Shares used in the computation of per share amounts for the first nine months
of 1997 were 13.4 million shares, compared to 12.9 million shares in 1996.
"We are encouraged by our return to revenue growth in the third quarter
which resulted from continued strong customer demand for 980 nm pump modules
generated by our new product offerings," said Donald R. Scifres, chairman and
chief executives officer. "This progress is also due to our focus on
increasing our front end wafer manufacturing capacity over the past
12 months." |
