David; CMED News. Looks like today was typical report day selloff
Company Press Release
Colorado MEDtech Inc. Announces First Quarter
Results
BOULDER, Colo.--(BW HealthWire)--Nov. 9, 1998--Colorado MEDtech, Inc. (NASDAQ:CMED - news), a Boulder,
Colo.-based medical products and outsourcing services company, today announced results for its first quarter ended
September 30, 1998.
Net income in the first quarter increased to $1,318,905, an increase of 99%, compared to $663,709 in the same quarter last
year and earnings per share were 11 cents per share compared to 6 cents per share in the same period last year. Sales in the
first quarter were $13,408,421, an increase of 85%, compared to $7,260,230 in the same period last year.
''We are pleased to report these results in what has historically been the slowest quarter of our fiscal year,'' said John V.
Atanasoff, president and CEO. ''Our continued success reaffirms the strength and diversification of our business and
underscores the significant contributions of our talented employees. This is our 21st consecutive quarter of profitable results.''
Colorado MEDtech, Inc., through its wholly-owned affiliates and operating divisions, is a leading full-service provider of
advanced medical products and comprehensive outsourcing services for medical device and pharmaceutical companies.
EARNINGS RECAP
First Quarter Ended First Quarter Ended
September 30, 1998 September 30, 1997
(Unaudited) (Unaudited)
Sales & Service $ 13,408,421 $ 7,260,230
Net Income $ 1,318,905 $ 663,709
Net Income Per Share
Basic $ .12 $ .07
Diluted $ .11 $ .06
Wgt. Avg. Shares
Outstanding
Basic 10,740,529 9,880,302
Diluted 12,336,377 11,821,519
Contact:
Colorado MEDtech, Inc.
John V. Atanasoff, President and CEO
Bruce L. Arfmann, CFO
Telephone: 303/530-2660
Fax: 303/581-1010
Website: www.cmed.com
Email: cmedinfo@cmed.com
More Quotes and News:
Colorado Medtech Inc (Nasdaq:CMED - news)
Related News Categories: earnings, medical/pharmaceutical
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