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IRIS Reports Modest 1998 Loss

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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...Read full article

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