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Article: Rimage Corporation Reports Fourth Consecutive Quarter of Increasing Profitability -- Record Annual Results
- Article from:
- PR Newswire
- Article date:
- March 10, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS, March 10 /PRNewswire/ -- Rimage Corporation (Nasdaq: RIMG) today reported its fourth consecutive quarter of increasing profitability and the highest annual earnings and earnings per share in the Company's history. For the year ended December 31, 1997, Rimage reported net earnings of $1,925,073 or $.59 per share, compared to a net loss of $(5,179,011) or $(1.68) per share for the year ended December 31, 1996. For the quarter ended December 31, 1997, the Company reported net earnings of $977,558 or $.30 per share compared to a net loss of $(4,366,212) or $(1.41) for the same period in 1996.
The elimination of unprofitable operations, together with ...