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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: FawnVu who wrote (6038)	10/12/1998 2:11:00 PM
From: Mr. Stress	Read Replies (2) \| Respond to of 119973

Is this a no brainer, or am I missing something? A two dollar stock? More from NTRX: ----------------------------------------- For Third Quarter Ended September 30, 1998 HERNDON, Va., Oct. 12 /PRNewswire/ -- NETRIX Corporation (Nasdaq: NTRX), worldwide supplier of voice and data networking products, today announced preliminary estimated results for the third quarter ended September 30, 1998. For the quarter, total revenue is estimated to be approximately $8.3 million, compared to $7.8 million reported in the second quarter of this year, and $8.9 million reported for the quarter ended September 30, 1997. This is the third consecutive quarter of top line revenue growth. The loss for the third quarter is estimated not to exceed approximately $200,000, compared to a loss of approximately $2.8 million reported in the second quarter of this year, and a loss of approximately $1.0 million reported for the year-ago quarter. Cash and cash equivalents at September 30, 1998 are estimated to be approximately $1.8 million, compared to approximately $516,000 reported at June 30, 1998, an estimated increase of approximately $1.3 million during the quarter. The outstanding borrowings under the line of credit at September 30, 1998 are estimated to be approximately $1.7 million, compared to approximately $1.1 million reported at June 30, 1998. Excluding the approximately $600,000 increase in borrowings, cash increased approximately $700,000 during the most recent quarter, primarily due to increased collections and one-time, non- recurring inflows from sales. President and CEO Lynn Chapman stated, "I am very pleased with preliminary results for the quarter. When compared to Q2, the improvement is substantial, even after removing the effect of additional reserves taken in Q2. While it's noteworthy that margins are estimated to be up slightly on higher revenues, it's particularly important to note that operating expenses were lower than Q2, resulting in substantial bottom line improvement. It's gratifying that our improved performance is the result of a company-wide response to problems that culminated last quarter, and we appreciate our lending institution hanging in there with us." The Company expects to report final Q3 results on October 22, 1998. Complete details will follow in a subsequent announcement.