SI
SI
discoversearch

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 : ULTK-Ultrak -- Ignore unavailable to you. Want to Upgrade?


To: Yuri Aminov who wrote (372)2/18/1998 9:25:00 PM
From: R Tapp  Read Replies (1) | Respond to of 393
 
Ultrak posted a loss of $0.18/share for the 4th quarter and a profit of $0.16 for the year after taking a $3.1 million non-recurring charge along with other charges totaling approximately $2.0 million. Without the 4th quarter charges, earnings would have come in at $0.07 for the quarter and $0.38 for the year.



To: Yuri Aminov who wrote (372)2/18/1998 9:28:00 PM
From: glenn s. turner  Read Replies (1) | Respond to of 393
 
Earnings: .18 loss per share after charges. Good sales.

Ultrak Announces Record Fourth Quarter and 1997 Net Sales; Company Takes Fourth
Quarter Charge

BusinessWire, Wednesday, February 18, 1998 at 20:52

LEWISVILLE, Texas--(BUSINESS WIRE)--Feb. 18, 1998--Ultrak Inc.
(NASDAQ:ULTK) today announced record sales of $53,483,277 for the
fourth quarter ended Dec. 31, 1997, a 34% increase compared to
$40,044,311 in the same period a year earlier.
Taking the effect of the previously announced fourth quarter
charge into account, gross profit margins were 29.4% compared to 30.5%
in the fourth quarter of 1996, while the loss before income tax
benefit was $3,676,127 compared to income before taxes of $3,583,222
in the fourth quarter of 1996.
Net loss for the quarter after these charges was $2,526,769
compared to net income of $2,463,809 in the same period in 1996.
Diluted loss per share for the fourth quarter was $0.18 on 14,012,856
weighted average shares outstanding, compared to earnings of $0.19 on
12,028,696 shares outstanding in the fourth quarter a year earlier.
Operating profit and net income for the quarter before the special and
other charges would have been approximately $250,000 and $994,000
($0.07 diluted income per share), respectively.
For the year ended Dec. 31, 1997, sales increased 38% to a record
$188,740,735 compared to $136,636,124 in 1996. Taking the effect of
the fourth quarter charge into account, gross profit margins increased
to 31.1% from 29.9%, and income before income taxes was $4,170,183
compared to $11,491,716 in 1996.
Net income after these charges was $2,400,714, or diluted
earnings per share of $0.16, compared to $7,598,724, or $0.73 per
share, in 1996. Operating profit and net income for the year before
the special and other charges would have been approximately $6.2
million and $5.8 million ($0.38 diluted income per share),
respectively.

fast.quote.com|yiigjwxceket