Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

IRIS Reports Modest 1998 Loss

Photonics.com
Apr 1999
CHATSWORTH, Calif., April 1 -- International Remote Imaging Systems Inc. reported that net revenues for 1998 were $27.5 million, essentially the same amount as in 1997. Operating income improved to $556,000 compared with $246,000 for the prior year. The company incurred a loss of $385,000 (or $0.06 per diluted share), compared with a loss of $503,000 (or $0.16 per diluted share) in the prior year. Earnings before interest, taxes, depreciation and amortization (EBITDA), an indicator used in estimating cash generated by the company, were $3.4 million compared with $4.0 million in 1997.
In the fourth quarter ending Dec. 31, 1998, net revenues were $7.1 million, compared with $7.4 million in 1997, while EBITDA was $680,000, compared with $892,000 the prior year. The net loss was $272,000 (or $0.04 per diluted share), compared with a net loss of $533,000 (or $0.09 per diluted share) in the prior year. EBITDA was more than sufficient to cover scheduled principal and interest payments on debt obligations. IRIS reduced its debt by $1.0 million during 1998.

News & Features

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.