PJTV's agreed to target puts quarterly sales after june
at 6 million or over 1200 units per quarter...
Consumer Electronics
Warren Publishing, Inc.
(Copyright 1997 by Warren Publishing, Inc.)
* Projectavision, despite first revenues generated by Digital
Home Theater projector, said 3rd-quarter loss grew to $1.75 million
from $934,134 year ago although sales rose to $358,784 from
$150,000 (see financial table). Revenues largely reflected sales of
projector based on Texas Instruments' Digital Light Processor (DLP)
technology. Since launch in May, projector revenues have totalled
$409,889, company said in SEC quarterly report. Operating costs
jumped in quarter to $1.6 million from $1.1 million as general and
administrative expenses increased to $600,340 from $410,915.
* Projectavision issued 1,000 shares of convertible stock in quarter
to unidentified institutional investor for total price of $1
million, SEC documents said. Stake can be converted to common at
$1.50 per share, although price drops to $1 if company doesn't ship
417 projectors or generate $2 million in revenues per month June
* 1-Dec. 31. If Projectavision delivers 2,500 projectors or $12.5
million in same period, conversion price is $1.50. |
