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Article: Dynamic Homes reports first-quarter results.

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PR Newswire
Article date:
May 22, 1989
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DYNAMIC HOMES REPORTS FIRST-QUARTER RESULTS

DETROIT LAKES, Minn., May 22 /PRNewswire/ -- Dynamic Homes Inc. (NASDAQ: DYHM), today reported financial results for the first quarter ended March 31, 1989.

First quarter sales totaled $818,800, compared to $268,300 reported a year ago. Net loss for the quarter was $281,800, or 15 cents per share, versus a net loss of $330,400 or 17 cents per share, in the prior year quarter.

Ray Madison, chief executive officer, attributed the increase in sales to $286,000 in specialized construction projects and to model home and winter discount promotions. He noted that operating expenses increased due to ... 







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