VVID is Financially Solid....
''We are extremely proud to have just completed our fourth consecutive
year of profitability,'' said Stephen Reber, president and chief
operating officer of Vivid. ''Our record results during fiscal1997 are
evidence of the growth we saw in the market for automated explosives
detection equipment during the past year and of our leading worldwide
market share. We are encouraged by the increasing interest in explosives
detection technology from airports, individual terminals and airlines
both here and abroad.''
The Highlights.....
1. Fourth quarter 1997 VVID reported record income of $2,031,547 or
.20 vs$ 113,686 or .01 for 1996 an increase of 1900%.
2. Revenues for the fourth quarter were $9,772,259 vs $5,415,458 in
1996, an increase of 80%
3. Net income for fiscal 97 was $ 5,865,578 or .60 vs.$1,164,764 or
.15 in 96, an increase of 300%
4. Cash and equivalents have jumped to 11.5 million from 1.6 million
5. Total current assets have increased to 35 million from 10.8
million, an increase of over 200% while at the same time, current
liabilities have decreased to $ 5.7 million from $ 11.8
million, a reduction of more than 50% from the previous year.
For a complete review you may go to
biz.yahoo.com
Some history of past quarterly performance that effectivly shows that
the company is moving very strongly forward
Quarterly Performance:
Date(Qtr) 9709(4) 9706(3) 9703(2) 9612(1) 9609(4)
Revenue ($Mil) 9.8 8.3 7.8 5.9 5.4
Net Income(Mil) 2.0 1.7 1.3 .8 .1
EPS ($) .20 .17 .13 .10 .04 |
