Linkon Corporation Reports 54% Increase in Revenues

Linkon Corporation, a leading designer and producer of telecommunications software and hardware, announced a significant increase in revenues and profits for its first quarter of 1995. The company's revenues rose to $705,694, a 54% increase from the same period in 1994, while gross profits grew to $435,325. Despite a net loss of $292,670, the company's gross profit margin remained stable at 62%. The company's president and CEO, Lee W. Hill, attributed the strong sales performance to the growing demand for Linkon's telecommunications solutions.

Key Takeaways:

Linkon Corporation reported a 54% increase in revenues for its first quarter ended April 30, 1995, with revenues reaching $705,694.
Gross profits grew to $435,325, from $320,230, reported in the first quarter a year ago, representing a 36% increase.
The company's net loss decreased to $292,670, from a net loss of $294,398, in the first quarter in 1994, representing a 0.4% reduction.
Linkon's European sector reported a 60% increase in sales, while US sales momentum is building, with growth in the Asia Pacific and Latin American regions.
The company cut its operating loss by 8% despite a 46% increase in R&D spending.
Linkon launched its fourth-generation telecommunications product, the Maestro System, which has received an enthusiastic response from initial customers.

Statistics:

Revenues for the quarter ended April 30, 1995: $705,694 (54% increase from 1994)
Gross profits: $435,325 (36% increase from 1994)
Net loss: $292,670 (0.4% decrease from 1994)
Gross profit margin: 62%
Sales growth in Europe: 60%
Sales growth in US: increasing momentum
R&D spending increase: 46%
Operating loss reduction: 8%
Interest expense: approximately $30,000

Sources:

Linkon Corporation press release, "Linkon Corporation Reports 54% Increase in Revenues", June 8, 1995
PRNewswire, "Linkon Corporation (OTC Bulletin Board: LKON)" press release, June 8, 1995