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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: Jenna who wrote (8263)	4/22/1998 3:42:00 PM
From: Jenna	Respond to of 120523

RITTF... nice company... great fundamentals going forward. Another small stock to consider Jun 98 Sep 98 Dec 98 Year Ago EPS -0.06A 0.02A -0.03A Current vs. Year Ago Change 250% 450% 1600% Report Date wk/Aug 7 wk/Oct 27 wk/Feb 10 RIT Technologies Ltd. Reports Record Financial Results for the 1997 Fourth Quarter and Year End TEL AVIV, Israel, Feb. 10 /PRNewswire/ -- RIT Technologies Ltd. (Nasdaq: RITTF - news) announced today record financial results for the fourth quarter and year ended December 31, 1997. Net sales for the fourth quarter of 1997 increased 59% to $6.3 million, versus $4.0 million reported in the fourth quarter of 1996. Net income for the fourth quarter of 1997 was $436,000, or $0.05 per share, compared to a loss of $444,000, or $0.07 per share loss, for the comparable quarter in 1996. Weighted average shares outstanding were 8,907,617 and 5,913,045 for the 1997 and 1996 quarters, respectively, reflecting the Company's initial public offering completed on July 22, 1997. Net sales for the year ended December 31, 1997 were $19.8 million, versus $13.9 million reported for the comparable period in 1996. Net loss for the year end of 1997 was $220,000, or $0.03 per share loss, compared to a loss of $841,000, or $0.14 per share loss, for the comparable period in 1996. Weighted average shares outstanding were 7,251,457 and 5,913,045 for the 1997 and 1996 year end, respectively, reflecting the Company's initial public offering completed on July 22, 1997.