CIDCO Incorporated Reports Significant Financial Growth in Q2 1995

CIDCO Incorporated, a leading supplier of Caller ID-based subscriber telephone equipment, announced its financial results for the second quarter ended June 30, 1995. The company reported a 99 percent increase in sales to $46.2 million, up from $23.2 million in the same period in 1994. Net income for the quarter also rose 63 percent to $5.2 million, driven by a 60 percent increase in operating income to $8.3 million.

Key Takeaways:

• CIDCO Incorporated's second quarter sales reached $46.2 million, a 99 percent increase from $23.2 million in the same period in 1994.
• Operating income for the quarter rose 60 percent to $8.3 million, from $5.2 million in the same period in 1994.
• Net income for the quarter increased 63 percent to $5.2 million, driven by the growth in operating income and sales.
• Six months sales increased 155 percent to $95.7 million, from $37.5 million in the same period last year.
• Net income for the six months ended June 30, 1995 was up 123 percent to $11.6 million, from $5.2 million in the same period in 1994.
• Earnings per share for the second quarter were $0.35, up from $0.24 in the same period in 1994, a 46 percent increase.
• For the six months ended June 30, 1995, earnings per share were $0.78, up from $0.42 in 1994, an 86 percent increase.

Statistics:

• Second quarter sales: $46.2 million (1995), $23.2 million (1994)
• Operating income quarter: $8.3 million (1995), $5.2 million (1994)
• Net income quarter: $5.2 million (1995), $3.2 million (1994)
• Six months sales: $95.7 million (1995), $37.5 million (1994)
• Net income six months: $11.6 million (1995), $5.2 million (1994)
• Earnings per share quarter: $0.35 (1995), $0.24 (1994)
• Earnings per share six months: $0.78 (1995), $0.42 (1994)

Sources:

• CIDCO Incorporated, press release dated July 24, 1995
• Nasdaq listing for CIDCO (Nasdaq: CDCO)