Daw Technologies Inc.
Selected Condensed Statements of Operations Data
(unaudited)
(in thousands, except share data)
Three Months Ended March 31,
1998 1997
Contract revenue $11,441 $16,795
Cost of contracts 10,955 14,212
Gross profit 486 2,583
Operating expenses 1,784 2,256
Earnings (loss) from operations (1,298) 327
Other expense, net (23) (37)
Earnings (loss) before income taxes (1,321) 290
Income taxes (benefit) (490) 108
NET EARNINGS (LOSS) $ (831) $ 182
Earnings (loss) per common share
Basic $ (0.07) $ 0.01
Diluted (0.07) 0.01
Weighted average common and dilutive
common equivalent shares outstanding
Basic 12,407,977 12,396,730
Diluted 12,407,977 12,396,730
Daw Technologies Inc.
Selected Condensed Balance Sheet Data
(unaudited)
(in thousands)
March 31, Dec. 31,
1998 1997
Current assets $26,323 $25,835
Property and equipment, net at cost 5,930 6,304
Other long-term assets 263 225
Total assets $32,516 $32,364
Current liabilities $11,707 $10,587
Long-term liabilities 940 1,077
Shareholders' equity 19,869 20,700
Total liabilities and shareholders'
equity $32,516 $32,364
Contact:
Daw Technologies Inc., Salt Lake City
Sharon Madden, 80l/977-3236
dawtech.com |
