K-Tel International, Inc. Ticker: KTEL
Complete Financials: June 1998 Exchange NASD
Earnings Announcement: September 1998* FY END JUN
ISSUE DATA (11/13/98) PER SHARE DATA RATIOS
Price $ 19.75 EPS (TTM) $ -0.82* P/E (TTM) NM*
52W High $ 39.47 Div. Rate $ 0.00 Yield 0.00 %
52W Low $ 3.19 Book Value $ 0.45 Price/Book 43.52
Shrs Out 8.32 Mil Cash $ 0.71 ROE (TTM) -130.69*%
Float 1.90 Mil Rev (TTM) $ 10.02* ROA (TTM) -18.96*%
Mon. Vol 31.90 Mil Curr. Ratio 1.04
Beta 0.52 LT Dbt/Eqty 1.11
BRIEF: KTEL markets and distributes consumer entertainment
and convenience products through retail stores and by direct
response marketing. KTEL products include albums, compact
discs, cassettes, housewares, automotive accessories & other
devices. For the FY ended 6/98, sales rose 13% to $85.6M.
Net loss totalled $2.4M vs. income of $3.2M. Results
reflect higher sales from the Co's U.S. media buying and
infomercial subsidiary, offset by higher advertising costs.
*PRELIMINARY: For the 3 months ended 09/30/98, revenues
were 18,792; after tax earnings were -3,077.
K-Tel International, Inc. QUARTERLY SUMMARY
HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars)
REVENUE 1996 1997 1998 1999
1st Qtr SEP 16,624 15,622 25,135 18,792*
2nd Qtr DEC 18,792 17,131 23,215
3rd Qtr MAR 18,422 18,477 16,427
4th Qtr JUN 18,149 24,271 20,849
EPS (U.S. Dollars per share)
1st Qtr SEP 0.040 0.110 0.154 -0.370*
2nd Qtr DEC -0.010 0.225 0.055
3rd Qtr MAR 0.060 0.065 -0.120
4th Qtr JUN -0.190 0.010 -0.400
5/98, 2-for-1 stock split. FY'97 EPS does not equal due to
fluctuating shares.
DIVIDENDS EMPLOYEES
Last Dividend Decl. $ NA # Employees 189
Last Div Ex-Date NA Sales/Employee (TTM) 419,487
Last Div Pay Date NA Net. Income/Empl.(TTM) NM
K-Tel International, Inc. EQUITY, OFFICERS & ADDRESS P
Common Stock $.01 Par, 6/98, 15M auth., 8,316,668 issd.
Insiders own approx. 77% (of which Philip Kives owns 72%).
Stock Issued 10/85 per court approved Plan of Arrangement
under Chapter XI bankruptcy proceedings. Basis: 5 shares
Common (new) for every 100 shares (old). (As of 6/98) ST
debt: $1M @ Prime; LT debt: $7.9M @ variable rate.
OFFICERS: Philip Kives, Chmn./CEO, Lawrence Kieves, Pres.,
Corey Fischer, VP-Fin./CFO/CAO/Treas., Jeffrey Koblick,
Exec. VP. TRANSFER AGENT: American Stock Transfer & Trust
Company. Company incorporated 1968 in MN. Direct inquiries
to: Director of Investor Relations.
ADDRESS & PHONE NUMBERS
K-Tel International, Inc.
2605 Fernbrook Lane North
Minneapolis, MN 55447
PHONE: (612) 559-6888
FAX: (612) 559-6815
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