MEDFORD, Ore.--(BUSINESS WIRE)--May 6, 1998--Advanced Machine
Vision Corporation (NASDAQ:AMVC) announced today record bookings and
its financial results for its first quarter ended March 31, 1998.
For the quarter, the Company reported sales of $7,103,000, and
net income of $182,000, or $0.02 per diluted share, compared to sales
of $9,337,000 and net income of $769,000, or $0.05 per diluted share,
for the first quarter a year ago. First-quarter 1997 results
included sales and net income of $2,210,000 and $41,000,
respectively, from the operations of Pulsarr, the Company's former
subsidiary that was sold in May 1997. On a proforma basis excluding
Pulsarr, 1998 first-quarter sales and net income were $7,127,000 and
$728,000, respectively.
Total bookings in the first quarter exceeded $11.7 million, the
highest of any quarter in the Company's history, resulting in a March
31, 1998 backlog of $8,824,000. This compares to a March 31, 1997
backlog of $3,820,000 (without AMV's Pulsarr subsidiary, which was
sold in May 1997). |
