CMS Enhancements Announces Losses for Fiscal Year 1992

CMS Enhancements Inc. (NYSE:CME) Tuesday announced that net revenues for the fourth quarter of fiscal 1992 ended June 30, 1992, were $24,843,000 compared with $31,882,000 for the same quarter a year ago. Net sales for the fiscal year 1992 were $112,690,000 compared with $130,062,000 for the year end...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Holmes, Steve
Format Newsletter
LanguageEnglish
Published New York Business Wire 08.09.1992
Subjects
Computer service industry
Financial statements
Pacific
Irvine
US
CA
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Summary:CMS Enhancements Inc. (NYSE:CME) Tuesday announced that net revenues for the fourth quarter of fiscal 1992 ended June 30, 1992, were $24,843,000 compared with $31,882,000 for the same quarter a year ago. Net sales for the fiscal year 1992 were $112,690,000 compared with $130,062,000 for the year ended June 30, 1991, while the net loss for fiscal 1992 was $8,544,305, or $2.92 per share, compared with a net loss of $8,501,000, or $2.89 per share, for the same period a year ago. This quarter marks the completion of the company's downsizing into a trimmer yet highly market-responsive concern. CMS now believes that they are well positioned to take advantage of the growing market for disk drives. (excerpt)