Very nice CMED, and this was the slow quarter !
Colorado MEDtech Inc. Announces First Quarter Results
Business Wire - November 09, 1998 17:59
BOULDER, Colo.--(BW HealthWire)--Nov. 9, 1998--Colorado MEDtech, Inc.
(NASDAQ:CMED), a Boulder, Colo.-based medical products and
outsourcing services company, today announced results for its first
quarter ended September 30, 1998.
Net income in the first quarter increased to $1,318,905, an increase
of 99%, compared to $663,709 in the same quarter last year and
earnings per share were 11 cents per share compared to 6 cents per
share in the same period last year. Sales in the first quarter were
$13,408,421, an increase of 85%, compared to $7,260,230 in the same
period last year.
"We are pleased to report these results in what has historically been
the slowest quarter of our fiscal year," said John V. Atanasoff,
president and CEO. "Our continued success reaffirms the strength and
diversification of our business and underscores the significant
contributions of our talented employees. This is our 21st
consecutive quarter of profitable results."
Colorado MEDtech, Inc., through its wholly-owned affiliates and
operating divisions, is a leading full-service provider of advanced
medical products and comprehensive outsourcing services for medical
device and pharmaceutical companies.
EARNINGS RECAP
First Quarter Ended First Quarter Ended
September 30, 1998 September 30, 1997
(Unaudited) (Unaudited)
Sales & Service $ 13,408,421 $ 7,260,230
Net Income $ 1,318,905 $ 663,709
Net Income Per Share
Basic $ .12 $ .07
Diluted $ .11 $ .06
Wgt. Avg. Shares
Outstanding
Basic 10,740,529 9,880,302
Diluted 12,336,377 11,821,519
CONTACT: Colorado MEDtech, Inc.
John V. Atanasoff, President and CEO
Bruce L. Arfmann, CFO
Telephone: 303/530-2660
Fax: 303/581-1010
Website: www.cmed.com
Email: cmedinfo@cmed.com
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