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Toby Cyr from Seattle, Microsoft. USA. (oops, I mean Washington) Take a look at this week old $11 IPO. The results are in and the market is watching. About 600,000 volume today and up $3 share to $14+ Splash Technology Announces Revenue and Earnings for Fiscal 1996 SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 15, 1996-- SPLASH TECH HLD announced financial results for its fourth quarter and 1996 fiscal year, ended September 30, 1996. Revenue for the fourth quarter was $16.4 million, up 62% from $10.1 million recorded in the fourth quarter last year. Operating income increased 427% to $5.8 million, compared to $1.1 million for the same period last year. Net income rose 386% to $3.4 million, or $0.31 per share, compared to $0.7 million for the same period last year. Revenue for the fiscal year ended September 30, 1996 was $47.7 million, up 56% from $30.5 million recorded in fiscal 1995. Operating loss for fiscal 1996 was $11.0 million (including $22.8 million of purchase accounting adjustments), and compares to operating income for fiscal 1995 of $3.5 million. Net loss for fiscal 1996 was $6.9 million (including $13.6 million of after-tax purchase accounting adjustments), and compares to net income for fiscal 1995 of $2.1 million. The Company conducted an initial public offering of its common stock on October 9, 1996. Splash Technology, headquartered in Sunnyvale, California, develops, produces, and markets open-platform color servers that provide an integrated link between desktop computers and digital color laser copiers. These multifunction color systems provide high-quality, high-speed, networked color printing, as well as image scanning, image manipulation, and photocopying. Splash's products feature advanced color correction, color calibration, separations support, ease of use, time-saving workflow functionality, simulation of many color monitors and printing presses, and automatic correction for certain printing workflow problems. It reminds me of Wet Seal bought at $4.50 sold at $37.00 Similar loss story with just released dramatic quarter 3 results! | ||||||||||||||
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