Date: Thu, 18 Dec 1997 03:59:18 GMT Server: Apache/1.2.4 Last-Modified: Mon, 19 Aug 1996 06:33:13 GMT ETag: "4911b-6b8-32180aa9" Content-Length: 1720 Accept-Ranges: bytes Connection: close Content-Type: text/html Finance Information We increase our sales to 41% more for the 1st fiscal quarter of 1996 than in 1995.





Fiscal 1995 was a landmark for Concord. We registered record sales, returned to profitability, and completed a marketing and operational turnaround that lays the groundwork for another record year ahead.


For the year ended June 30, 1995, our net sales were $62.1 million, represents an increase of 13 percent over net sales in the previous year.


We are especially pleased with the growth in our single-use camera business, which represented 45 percent of our fiscal 1995 sales. During the latter half of fiscal 1995, Concord signed substantial Original Equipment Manufacturers (OEM) contracts for the annual supply of several million single- use cameras. In fiscal 1995, OEM sales increased 105 percent.


The future has ever looked more promising for Concord. Fiscal 1996 first quarter sales are continuing the record-setting trend. We recorded net sales of $17.5 million for the first fiscal 1996 quarter ended September 30, 1995. Our core business camera sales for the first fiscal quarter of 1996 exceeded camera sales of the first fiscal quarter of 1995 by $5.1 million, a 41 percent increase . This was Concord's fifth consecutive quarter of increased camera sales on a comparative basis. Net income for the first quarter was $1.1 million, a 127% increase over the comparable period in the prior year.