Hi Gary, here's the latest release:
Monday February 10 11:06 AM EDT
Colorado MEDtech Inc. announces second quarter and six-month
results
BOULDER, Colo.--(BW HealthWire)--Feb. 10, 1997-- Colorado Medtech Inc , a Boulder-based medical
products and services company, Monday announced results for its second quarter and six-month period
ended Dec. 31, 1996.
Net income in the second quarter increased to $491,734 compared to $335,361 in the second quarter last
year (an increase of 47 percent) and earnings per share increased to 5 cents per share compared to 4
cents per share after a 33 percent increase in the number of common equivalent shares outstanding on a
fully diluted basis.
Sales in the second quarter increased approximately 17 percent over the same period in 1995 ($5.8 million
compared to $4.9 million) and increased approximately 9 percent over the first quarter of fiscal 1996.
Net income through the six months ended Dec. 31, 1996 increased to $945,069 compared to $644,238
for the same period last year (an increase of 47 percent) on sales of $11.1 million compared to $9.1
million in the same period of the prior year. Earnings per share through the six months were $.10
compared to $.08 in the prior year after a 32 percent increase in the number of common equivalent shares
outstanding on a fully diluted basis.
"We are very pleased to report our 14th consecutive profitable quarter," said John V. Atanasoff, president
and CEO. "Our markets are growing rapidly and we are experiencing significant growth in our core
business opportunities."
Colorado MEDtech develops, manufactures, markets, and services computerized diagnostic testing
instrumentation, primarily in the respiratory markets. Its wholly owned subsidiary, RELA Inc., is an
integrated, custom product development and manufacturing service company specializing in the design,
development, and manufacture of electronic and electro-mechanical products and software systems. |
