Optical Data Systems Reports Record Sales and Earnings in Second Quarter

Strategic Insights -

Optical Data Systems, a leading provider of connectivity products for diverse enterprise networking environments, announced record sales and earnings for the second quarter of 1995. The company's sales increased 45 percent to $30.9 million, with net income rising 102 percent to a record $3.8 million. This significant growth is attributed to the company's technology-leading product line, including the AnyCell(TM) ATM25, and its commitment to developing scalable ATM technology for the networking industry.

Key Takeaways:

  • Sales increased 45 percent to $30.9 million in the second quarter of 1995, compared to $21.2 million reported for the same period a year ago.
  • Net income rose 102 percent to a record $3.8 million or $.23 per share for the quarter, compared to net income of $1.9 million or $.12 per share a year ago.
  • For the six-month period, sales rose 40 percent to $55.4 million, with net income up 93 percent to $6.8 million or $.41 per share.
  • International sales to Europe, Canada, Asia, and Latin America increased approximately 15 percent in the recent second quarter to $2.9 million.
  • Product sales among ODS' four main networking standards were: Ethernet -- 65 percent; Token Ring -- 10 percent; FDDI -- 20 percent; ATM -- 4 percent.
  • The company's technology-leading product line, including the AnyCell(TM) ATM25, and its commitment to developing scalable ATM technology for the networking industry drove the growth.
  • ODS began delivering products during the second quarter on the ULANA II contract, which is progressing as planned and offers significant opportunity for ODS' future growth.
  • Roger Hughes, Vice President and Chief Financial Officer for ODS, attributed the company's record financial performance to its technology leading product line and product strategy.

Statistics:

  • Sales increased 45 percent to $30.9 million in the second quarter of 1995.
  • Net income rose 102 percent to a record $3.8 million or $.23 per share for the quarter.
  • Six-month sales rose 40 percent to $55.4 million.
  • International sales to Europe, Canada, Asia, and Latin America increased approximately 15 percent in the recent second quarter to $2.9 million.
  • The company had 16.8 million weighted average shares outstanding.
  • The AnyCell(TM) ATM25 technology demonstrates ODS' ability to meet an industry requirement of providing end-users with scalable ATM to the desktop in a timely and cost-effective manner.

Sources:

  • Optical Data Systems, Inc., Press Release, July 17, 1995
  • NASDAQ-NMS:ODSI, Press Release, July 17, 1995
  • Optical Data Systems, Inc., Corporate Website, 1995