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Microcap & Penny Stocks : OPMRF -- Ignore unavailable to you. Want to Upgrade?

To: Ruby who wrote (278)	4/23/1999 12:17:00 PM
From: J_W	Read Replies (1) \| Respond to of 283

Optimal Robotics Corp. Announces Quarterly Results, Record Revenue and Installations MONTREAL--(BUSINESS WIRE)--April 23, 1999--(NASDAQ:OPMR) Optimal Robotics Corp. (NASDAQ: OPMR) today announced its results for the quarter ended March 31, 1999. All references are to U.S. dollars The Company reported record revenues of $5,090,265 for the quarter, an increase of 870 percent from $525,033 for the first quarter of 1998. The operating loss for the quarter was $514,333 or $.07 per share compared to an operating loss of $837,178 or $.11 for the first quarter of 1998. The net loss for the quarter was $574,826 or $.08 per share compared to a net loss of $799,325 or $.11 per share for the first quarter of 1998. Optimal Robotics had record revenues of its core product, the U- Scan(R) Express, of $4,925,722, an increase of 950 percent from $468,903 in the first quarter of 1998. The Company installed 51 U- Scan(R) Express systems in the quarter compared to 7 systems installed in the first quarter of 1998 and 57 systems in all of 1998. Optimal Robotics has installed a total of 65 U-Scan(R) Express systems since the beginning of 1999. "Our significant increase in revenue and installations of U-Scan Express(R) systems during the quarter demonstrates that our growth strategy is on track", said Holden L. Ostrin, Vice Chairman of Optimal Robotics. "In 1998, we made substantial infrastructure investments in anticipation of handling considerable growth in orders and installations. We believe that our sizable backlog and our continued growth will validate the soundness of these investments." Optimal Robotics Corp. is the leading provider of self-checkout systems for express lanes in supermarkets and supercenters throughout the United States. The Company's principal product is the U-Scan(R) Express, an automated self-checkout system which enables shoppers to scan, bag and pay for their purchases with limited or no assistance from store personnel. The U-Scan(R) Express is designed to reduce the cost of checkout transactions to retailers and increase shoppers' convenience. There are currently 151 U-Scan(R) Express systems, which include 602 checkout terminals, installed in stores located in 18 states for several leading retailers, including The Kroger Company, Meijer, Inc. and Wal-Mart Stores, Inc.

To: Ruby who wrote (278)	4/23/1999 12:37:00 PM
From: J_W	Respond to of 283

Optimal Robotics Corp. Statement of Operations (unaudited) (stated in United States dollars, unless otherwise noted) Three Months Ended March 31, 1998 1999 (dollars in thousands, except per share data) Income Statement Data:(Canadian GAAP)Revenues Systems $ 469 $ 4,926 Development 44 68 Hardware and software maintenance 12 96 -------------------------------------------------------------- 525 5,090 -------------------------------------------------------------- Cost of Sales Systems 356 4,196 Development 17 23 Hardware and software maintenance --- 125 -------------------------------------------------------------- 373 4,344 -------------------------------------------------------------- Gross Margin 152 746 --------------------------------------------------------------- Research and development, net of tax credits 33 60 Selling, general, administrative and other expenses 922 1,151 Amoritization of capital assets 34 49 -------------------------------------------------------------- Operating loss (837) (514) -------------------------------------------------------------- Other Investment income 111 29 Foreign exchange loss (73) (90) -------------------------------------------------------------- 38 (61) -------------------------------------------------------------- Net loss for the period $ 799 $ 575 -------------------------------------------------------------- -------------------------------------------------------------- Weighted average number of common shares outstanding 7,426,133 7,525,142 -------------------------------------------------------------- -------------------------------------------------------------- Net loss per common share $ (0.11) $ (0.08) -------------------------------------------------------------- -------------------------------------------------------------- Optimal Robotics Corp. Balance Sheet (stated in United States dollars, unless otherwise noted) December 31, March 31, 1998 1999 -------------------------------------------------------------- (unaudited) (dollars in thousands) Assets Current assets Cash $ --- $ 570 U.S. Treasury bill, at cost 538 545 Short-term investments 5,525 4,119 Accounts receivable, net of allowance for doubtful accounts of nil 1,220 4,153 Inventory 1,401 1,407 Tax credits receivable 114 156 Prepaid expenses 3 36 -------------------------------------------------------------- 8,801 10,986 Loans receivable 162 163 Capital assets 366 415 Deferred share issue costs --- 578 -------------------------------------------------------------- $ 9,329 $ 12,142 -------------------------------------------------------------- -------------------------------------------------------------- Liabilities Current liabilities Loans from broker $ --- $ 2,155 Accounts payable and accrued liabilities 1,233 2,174 Deferred revenue 125 340 Current portion of contract advance 125 --- -------------------------------------------------------------- 1,483 4,669 Contract advance 250 250 -------------------------------------------------------------- 1,733 4,919 Shareholders' Equity Share capital 16,850 16,931 Other capital 23 23 Cumulative translation adjustment --- 121 Deficit (9,277) (9,852) -------------------------------------------------------------- 7,596 7,223 -------------------------------------------------------------- $ 9,329 $ 12,142 --------------------------------------------------------------- ---------------------------------------------------------------