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: Stephen O who wrote (378)5/22/1998 1:53:00 PM
From: Chris Baker  Read Replies (1) | Respond to of 393
Agree: Silent Witness Announces Third Quarter Results
VANCOUVER, May 22 /CNW-PRN/ - Silent Witness Enterprises Ltd. (SWE.VSE)
is pleased to announce its unaudited financial results for the third quarter
ending April 30, 1998. Revenues increased by 78% to $5,404,113 (CDN) from the
same period last year. This brings total sales for the first nine months to
$14,438,864, compared to $8,906,627 in fiscal 1997.
Earnings before income taxes increased by 184% from the same period one
year ago to $837,434 (CDN). During the previous fiscal year the Company's
earnings were in a non-taxable position; therefore net income of $495,707
(after taxes) for this quarter represents a 68% increase compared to the same
quarter last year.
Basic earnings per share are $0.09 (CDN) and fully diluted $0.075 for
this quarter. This brings year to date basic EPS to $0.24 and fully diluted
EPS to $0.20 (CDN).

Financial Highlights for Third Quarter Ending April 30, 1998

3 months to April 30, 1998 Year Ago
Revenue $ 5,404,113 $ 3,042,778
EBIT $ 837,434 $ 295,285
Net Income $ 495,707 $ 295,285
Basic EPS $ 0.09 $ 0.06
Fully Diluted EPS $ 0.075 $ 0.05

9 Months to April 30, 1998 Year Ago
Revenue $14,438,864 $ 8,906,627
EBIT $ 2,124,782 $ 765,666
Net Income $ 1,301,657 $ 765,666
Basic EPS $ 0.24 $ 0.155
Fully Diluted EPS $ 0.20 $ 0.12

Silent Witness Enterprises Ltd. is a Surrey, B.C. based technology
company that produces innovative surveillance cameras for global markets.
Approximately 85% of its sales come from established distribution channels in
the United States and Western Europe. For further information on Silent
Witness, visit our website at or call