Compression Labs Inc. Reports Year-End 1991 Revenues

Compression Labs Inc. (CLI) (NASDAQ/NMS:CLIX) Wednesday reported record revenues for the fourth quarter ended Dec. 31, 1991 of $21.5 million, an increase of 28 percent over the $16.8 million in revenues reported in the like quarter last year. The company reported a loss of $17.7 million or $1.62 per...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Authors Tyson, John E, Pettit, N Gregory
Format Newsletter
LanguageEnglish
Published New York Business Wire 12.02.1992
Subjects
Electronics industry
Financial statements
Pacific
US
San Jose
CA
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Summary:Compression Labs Inc. (CLI) (NASDAQ/NMS:CLIX) Wednesday reported record revenues for the fourth quarter ended Dec. 31, 1991 of $21.5 million, an increase of 28 percent over the $16.8 million in revenues reported in the like quarter last year. The company reported a loss of $17.7 million or $1.62 per share in the fourth quarter due to special charges of $18.9 million. Net income for the fourth quarter was $1.2 million excluding the special charge, compared to $1.2 million for the like period of 1990. Net income per share for the fourth quarter of 1991 was 9 cents excluding the special charge, compared to 13 cents per share in the like period of 1990. (excerpt)