(PR NEWSWIRE) Perceptronics Announces Improved Nine Month Results for Fisc
Perceptronics Announces Improved Nine Month Results for Fiscal 1999
WOODLAND HILLS, Calif., Feb. 10 /PRNewswire/ -- Perceptronics, Inc.
(OTC Bulletin Board: PCTR) today reported improved financial results for the
first nine months and third quarter of fiscal year 1999 compared with those of
a year ago. For the nine month period, revenues increased approximately
38% over the year before, and net income increased by approximately 48%.
Third quarter results were also improved over the year earlier, with an
approximately 22% increase in revenues and an approximately 10% increase in
profit.
Perceptronics' profit for the nine month period ending December 31, 1998
was $141,246, or $0.03 a share on total revenues of $3,567,884. In
comparison, for the first nine months a year ago, the Company reported a
profit of $95,338, or $0.02 a share, on total revenues of $2,578,524.
For the third fiscal quarter ending December 31, 1998, Perceptronics
showed a profit of $59,809, or $0.01 a share, on total revenues of
$1,259,782. For the same period a year ago, the Company showed a profit of
$54,479 on total revenues of $1,031,115.
Dr. Gershon Weltman, chairman and chief executive officer said, "The
38% improvement in revenues in the current nine month period was primarily a
result of increased deliveries on international TOW PGTS contracts and of
additional efforts on new U.S. Government R&D contracts for development and
commercialization of our HLA-based IC3D(TM)/InterGame technology for
(PR NEWSWIRE) Perceptronics Announces Improved Nine Month Results for Fisc
Perceptronics Announces Improved Nine Month Results for Fiscal 1999
WOODLAND HILLS, Calif., Feb. 10 /PRNewswire/ -- Perceptronics, Inc.
(OTC Bulletin Board: PCTR) today reported improved financial results for the
first nine months and third quarter of fiscal year 1999 compared with those of
a year ago. For the nine month period, revenues increased approximately
38% over the year before, and net income increased by approximately 48%.
Third quarter results were also improved over the year earlier, with an
approximately 22% increase in revenues and an approximately 10% increase in
profit.
Perceptronics' profit for the nine month period ending December 31, 1998
was $141,246, or $0.03 a share on total revenues of $3,567,884. In
comparison, for the first nine months a year ago, the Company reported a
profit of $95,338, or $0.02 a share, on total revenues of $2,578,524.
For the third fiscal quarter ending December 31, 1998, Perceptronics
showed a profit of $59,809, or $0.01 a share, on total revenues of
$1,259,782. For the same period a year ago, the Company showed a profit of
Dr. Gershon Weltman, chairman and chief executive officer said, "The
38% improvement in revenues in the current nine month period was primarily a
result of increased deliveries on international TOW PGTS contracts and of
additional efforts on new U.S. Government R&D contracts for development and
commercialization of our HLA-based IC3D(TM)/InterGame technology for
Collaborative 3D on the Internet. The nearly 50% increase in profit resulted
from improved operating efficiencies at the higher revenue levels. Based on
our fiscal year results to date, and barring any unforeseen events, our
present expectation is that revenues and profit for all of fiscal year 1999
will be above those of 1998."
Perceptronics performs research and development and manufactures and
markets computer based simulation systems and software for military and
commercial training and decision support. Additional information about
Perceptronics and its products and services can be found on the Internet at
perceptronics.com. Specific description, discussion and initial
demonstration of the Company's IC3D(TM) Technology can be found on the
Internet at ic3d.perceptronics.com.
Statements regarding Perceptronics' expectations about growth and
marketing strategies, new and existing products, future financial performance
and other Forward Looking Statements are subject to various risks and
uncertainties, including, without limitation, technological factors,
competitive factors, financing and cash flow factors, and uncertainties
relating to foreign and defense-related sales. These and other risks and
uncertainties are discussed in greater detail from time to time in the
Company's SEC filings and reports.
SOURCE Perceptronics, Inc.
-0- 02/10/99
/CONTACT: Dr. Gershon Weltman of Perceptronics, Inc., 818-884-7470, or
fax, 818-340-6067/
/Web site: ic3d.perceptronics.com
/Web site: perceptronics.com
(PCTR) |
