I have been perusing the CRYP thread. Here is a nugget from their archives:
TORONTO, ONTARIO--Cryptologic announced today that its financial
statements for the 10 months ended December 31st 1996 disclose an operating loss of
$602,000 or $0.12 per share. The Company also
announced that the first quarter results of operations ended March
31st 1997 resulted in net earnings of $1,156,215 or $0.20 per
share. CryptoLogic Inc. is a computer software company that
specializes in Internet transaction processing and has licensed
electronic cash and gaming software products to third parties.
And another
To: Warner Buffett (219 )
From: Warner Buffett
Tuesday, Jul 29 1997 10:33AM ET
Reply # of 551
NEWS RELEASE!!!!
CANADIAN DEALING NETWORK SYMBOL: CRYP
JULY 29, 1997
Cryptologic Announces 2nd Quarter Results; Growth in
Revenues; Growth in Earnings
TORONTO, ONTARIO--CryptoLogic Inc. today announced its results for
the three months ended June 30, 1997. Revenues for the quarter
ended June 30, 1997 were $3.6 million, bringing its six-month
revenue to $5.3 million. The company had no revenues in the same
period last year, as it was in its start-up phase.
After tax net earnings for the second quarter were $2.3 million,
bringing its net earnings for the past six months to $3.4 million.
This compares with the loss of $0.2 million for the second quarter
period last year. Basic earnings per share in the second quarter,
1997 were $0.35, bringing the six-month total to $0.55 per share.
On a fully diluted basis, earnings per share were $0.16 for the
quarter and $0.24 for the first six months of 1997. There are
approximately 7 million common shares currently outstanding.
CryptoLogic's growth momentum continues, as witnessed by a
comparison of this quarter versus the first quarter. Revenues more
than doubled, while earnings nearly doubled. On a per share basis,
basic earnings rose 75 percent, while fully diluted earnings
doubled.
CryptoLogic is a public Ontario Corporation listed on the Canadian
Dealing Network, Symbol CRYP. The company is involved in software
development and operations for Internet transaction processing.
Its current focus is on Internet Gaming software and Electronic
Commerce software.
Miller |
