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.

Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Starlight who wrote (7511)	3/5/1999 2:12:00 PM
From: Paul Lee	Respond to of 9695

JMAR Technologies to Present at Red Chip Review Investment Conference; JMAR Technologies Expects Record Revenues for 1998 Year and Fourth Quarter SEATTLE, Red Chip Review Investment Conference, March 5 /PRNewswire/ -- JMAR Technologies, Inc. (Nasdaq: JMAR) pre-announced its sales revenues for the year and quarter ended December 31, 1998. In a presentation delivered today at the Red Chip Review Investor Conference in Seattle, Washington, JMAR Chairman and CEO John S. Martinez, Ph.D., said that although the Company's 1998 results have yet to be finalized, he anticipates JMAR's sales revenues for the year "will exceed $24.5 million compared with $21.5 million for the year ended December 31, 1997." He added, "As the result of the receipt of $26 million in orders during the second half of 1998, primarily from our semiconductor-related business, sales in the fourth quarter of 1998 rose to about $8.4 million -- a gain of 65% over the $5.1 million reported in the fourth quarter of 1997 and 35% higher than the sales level in any other quarter in JMAR's history." Dr. Martinez continued, "With the growing momentum in our semiconductor business and anticipated expansion of our X-ray lithography and Britelight(TM) laser programs, we look for sales revenues to increase by about 40% in 1999 to more than $34 million, assuming demand for our precision instruments remains consistent with forecasts." "1998 is expected to produce the second highest operating profit in JMAR's history. However, it will be below 1997's profits due to a combination of factors, including a steep decline in sales of our precision instruments to the computer industry resulting, in part, from the economic downturn in Asia. In 1998, this decline in sales was more than offset by the rapid expansion in our semiconductor-related business. However, profits were lower as a result of substantial business expansion costs, the shift in sales from our historically higher gross margin instrument business and the front-end costs associated with the addition of eight senior industry specialists to our staff during the second half of 1998." JMAR Technologies, Inc. provides precision instruments, laser systems and custom semiconductor products for the microelectronics industry.