All
TCHP released earnings today.
Does anyone have some feelings on this?
Nov. 14, 1996--Telechips Corp.
(Nasdaq:TCHP, common; TCHPW, warrants), today reported a net loss of
$1,447,001, or $0.39 per share, for the third quarter, ended Sept.
30, 1996.
The loss for the comparable quarter of last year, when the
company was not yet public, was $907,555, or $0.47 per share.
Revenues for the quarter were $19,320 vs. no revenues for the 1995
quarter.
For the first nine months of 1996, the net loss was $3,544,907,
or $0.97 per share, compared to a loss of $1,986,831, or $1.02 per
share, for the 1995 period. Revenues were $71,947 for the nine
months vs. no revenues for the year-earlier period.
C.A. Burns, chairman and chief executive officer, said the net
loss, which was expected, reflected spending as the company's new
Access line of information appliances is introduced to the market.
Any of the above statements which are not historical fact are
forward looking, and actual results may differ materially.
*T
Telechips Corp.
Financial Information
(unaudited)
Periods Ended 9/30/96 and 9/30/95
Third Quarter Nine Months
1996 1995 1996 1995
Revenues $19,320 $0 $71,947 $0
Loss from operations (1,441,426) (845,537) (3,569,613) (1,902,061)
Net loss (1,447,001) (907,555) (3,544,907) (1,986,831)
Net loss per share ($0.39) ($0.47) ($0.97) ($1.02)
Weighted average common
shares outstanding 3,669,930 1,940,624 3,669,930 1,940,624
*T
CONTACT: Telechips Corp.
Nelson B. Caldwell, 702/824-5555
or
Lobsenz-Stevens Inc.
Mark Perlgut, 212/684-6300, ext. 309 |
