EARNINGS ARE OUT!!! $866K in revenues!
Here's the link:
pcquote.newsalert.com
Here's some of the details:
SUNNYVALE, Calif., Jan. 21 /PRNewswire/ -- ChemTrak, Inc. (Nasdaq: CMTR),
a leading personal diagnostics company, today reported a net loss of
$1,454,000 ($0.13 loss per share), for the three month period ended December
31, 1996. Revenues were $866,000 for the period, including $443,000 in
product sales. During the similar period in 1995, the quarter's operations
resulted in net income of $1,454,000 or $0.15 per share, with revenues of
$3,836,000, including $236,000 in product sales.
CHEMTRAK INCORPORATED
SUMMARY STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Fourth quarter ended Year Ended
December 31 December 31
1996 1995 l996 l995
Net revenues:
Product sales $443 $236 $2,463 $2,171
Funded research and other 423 3600 598 4,725
Total revenues 866 3,836 3,061 6,896
Cost and expenses:
Cost of product revenues 726 636 3,201 3,191
Research and development 519 736 2,439 2,793
Marketing, general and
administrative 1,094 1,049 4,431 2,941
Purchase of in-process
research and development --- --- --- 1,500
Total costs and expenses2,339 2,421 10,071 10,425
Operating Income (loss) (1,473) 1,415 (7,010) (3,529)
Interest and other
income net 9 39 59 260
Net income (loss) $(1,454) $ 1,454 (6,951) (3,269)
Net income (loss)
per share ($O.l3) $0.15 (0.68) (0.34)
Sales used in calculating
per share data 11,114 9,724 10,230 9,649
CHEMTRAK INCORPORATED
BALANCE SHEET DATA
(In thousands)
Dec. 31, 1996 Dec. 31, 1995
Cash, cash equivalents and
short-term investments $4,692 $6,254
Working capital 4,899 5,944
Property and equipment, net 2,738 3,248
Total assets 9,084 10,383
Total stockholders' equity 5,490 9,018
SOURCE ChemTrak, Inc.
CONTACT: Alene A. Holzman, Vice President of ChemTrak, Inc.,
408-773-8156; or Dan McCue of Freeman McCue, 714-557-3663 |
