Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: MiriamsSon who wrote (5480)	6/21/1998 12:28:00 PM
From: P.E. Allen	Read Replies (1) \| Respond to of 25711

Greenlight Announces Third Consecutive Profitable Quarter TORONTO--(BUSINESS WIRE)--May 29, 1998-- Greenlight Communications Inc. (CDN:GLCT), (OTC/BB:GLCT - news; Berlin Exchange:GLC)(Greenlight), today announced an unaudited consolidated net income of $326,354 or $0.03 per share for the nine months ended March 31, 1998 compared to net loss of $532,713 or a loss of $0.08 per share for the nine months ended March 31, 1997. Results for the nine months and the quarter ended March 31, 1998 and 1997 and Balance Sheets as at March 31, 1998 and 1997 are as follows: (Numbers and dollars expressed in thousands except per share data) Nine months ended March 31 1998 1997 ------- ------- Revenue $5,722 $15,074 Gross profit 1,767 3,058 Income before amortization and taxes 623 95 Net income 326 (533) Earnings per share - basic $0.030 $(0.080) Weighted Avg. # of shares outstanding 10,845 6,680 Three months ended March 31 1998 1997 -------- -------- Revenue $2,155 $ 5,623 Gross profit 799 718 Income before amortization and taxes 217 2,058 Net income 121 (1,290) Earnings per share - basic $0.009 $(0.195) Weighted Avg. # of shares outstanding 10,845 6,680 Balance Sheets as at March 31 1998 1997 -------- --------- Current Assets $10,431 $16,769 Non Current Assets 8,895 17,543 Total Assets 19,326 34,311 Current Liabilities 11,292 14,384 Total Liabilities 11,726 16,301 Shareholders' Equity 7,600 18,010 The management is confident that this profitable trend will continue throughout fiscal 1998 as the company concentrates on building its core healthcare communications and technology business. Greenlight is a healthcare communications and technology company, providing ''POPi'' (Projector, Online, Print and interactive) media communication services and electronic health record technology to the healthcare industry, under the name HealthLink Communications Inc., a wholly owned subsidiary. HealthLink also provides advanced practice management integration and innovative patient information services through its Virtual Clinic network. Greenlight trades on the Canadian Dealing Network (CDN:GLCT), OTC Bulletin Board in the US (OTC/BB:GLCT - news), and the Berlin Exchange (Berlin Exchange:GLC). Contact: Heather Jenkins, 416/214-2001 ext. 111; greenlight.ca