TAVA Technologies, Inc. Announces First Quarter
Results
TAVA Reports 75% Revenue Increase and Record Net Income
DENVER, Nov. 4 /PRNewswire/ -- TAVA Technologies, Inc. (Nasdaq: TAVA - news) today announced
revenue for the first quarter increased 75% to a record $19,802,000 from $11,319,000 recorded in the
quarter ending September 30, 1997. Gross profits for the quarter were $9,792,000 or 49.4% of revenue.
Earnings before interest, taxes, depreciation and amortization were $4,938,000 compared to $29,000 in the
quarter ending September 30,1997. The company recorded net income attributable to common shareholders
of $3,446,000 or $0.16 per basic share ($0.14 per diluted share) compared to a net loss of $605,000 or
($0.04) per basic share (($0.04) per diluted share) for the quarter ending September 30,1997. |
