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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (57071)	8/23/1999 5:39:00 PM
From: Jenna	Respond to of 120523

CMED beats by 2 cents. Colorado MEDtech, Inc. Announces Year-End and Fourth-Quarter Results BOULDER, Colo.--(BW HealthWire)--Aug. 23, 1999--Colorado MEDtech, Inc. (NASDAQ: CMED - news), a Boulder, Colorado-based custom medical products and services company, today announced earnings results for the fourth quarter and fiscal year ended June 30, 1999. Net income in the fourth quarter increased to $2.6 million compared to $1.6 million in the fourth quarter last year, an increase of 69% on sales of $19.0 million compared to $14.4 million in the fourth quarter of the prior year, an increase of 32%. Earnings per share increased to 21 cents per share compared to 12 cents in the fourth quarter of the prior year on a diluted basis. Net income for the year increased to $7.9 million compared to $4.5 million for fiscal 1998, an increase of 75%, on sales of $65.3 million compared to sales of $47.3 million in the prior year, an increase of 38%. Earnings per share rose to 63 cents per share compared to 37 cents in the prior year on a diluted basis. ''We are very pleased to report our 24th consecutive quarter of profitable results,'' said John V. Atanasoff, Colorado MEDtech President and CEO. ''Our continued success reaffirms the strength and diversification of our business and underscores the significant contributions of our talented employees.'' Forward-Looking Statements