Colorado MEDtech Inc. Announces First Quarter Results
BOULDER, Colo.--(BW HealthWire)--Nov. 12, 1997--Colorado MEDtech Inc.
(NASDAQ:CMED - news), a Boulder-based medical products and services
company, today announced results for its first quarter ended Sept.
30, 1997.
Net income in the first quarter increased to $663,709, an increase of
46%, compared to $453,333 in the same quarter last year and earnings
per share were 6 cents per share compared to 5 cents per share in
the same period last year. Sales in the first quarter were
$7,260,230, an increase of 37%, compared to $5,288,302 in the same
period last year.
''In spite of moving RELA's manufacturing operations to a new
facility in Longmont, Colo., in August and the first quarter
historically being our slowest quarter because of vacations, we are
pleased with our first quarter results,'' said John V. Atanasoff,
president and chief executive officer. '
'This is our 17th consecutive quarter of profitable results.''
Colorado MEDtech Inc., through its wholly owned affiliates and
operating divisions, is a leading full-service provider of advanced
medical products and comprehensive outsourcing services.
Colorado MEDtech Inc.
Earnings Recap
First Quarter Ended
Sept. 30, 1997 Sept. 30, 1996
(unaudited) (unaudited)
Sales & service $ 7,260,230 $ 5,288,302
Net income $ 663,709 $ 453,333
Net income per share
Primary $ .06 $ .05
Fully diluted $ .06 $ .05
Wgt. avg. shares
outstanding
Primary 11,821,519 11,011,962
Fully diluted 11,995,048 11,011,962 |
