Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

IRIS Reports Results for 1999 First Quarter

Facebook Twitter LinkedIn Email Comments
CHATSWORTH, Calif., May 19 -- International Remote Imaging Systems, Inc. announced net revenues of $6.6 million for the quarter ended March 31, 1999, which results were essentially unchanged from those reported in the first quarter of 1998. The company noted that first quarter earnings were impacted by a recently recorded $1.5 million charge relating to the company's negotiated settlement in its acquisition of Poly U/A Systems, Inc.
Operating income for the quarter totaled $301,000--excluding the charge for the Poly U/A transaction and other unusual expenses--as compared to $327,000 for the same period last year. With the Poly U/A charge and unusual expenses included, operating income declined to a loss of $1.3 million for the first quarter, in comparison to reported operating income of $290,000 for the prior year's quarter.
May 1999
News & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,

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.