FAIRFIELD, Conn., Sept. 14 /PRNewswire/ -- Linkon Corporation (BULLETIN BOARD: LKON) today announced its results for the 2nd Quarter fiscal year 1999 ended July 31, 1998. Revenues for the 2nd Quarter were $2,431,006 up 202% versus prior year's 2nd Quarter revenues of $805,501. The company reported a net loss of $239,503 or $0.02 per share for the 2nd Quarter versus a net loss of $446,589 or $0.04 per share for the 2nd Quarter prior year.
The company also announced results for the six months fiscal year 1999 ended July 31, 1998. Revenues for the first half were $3,299,629 up some 116% versus prior year's first half revenues of $1,528,050. The company also reported a net loss of $813,753 or $0.07 per share for the first half versus a net loss of $967,319 or $0.09 per share for the first half prior year.
Commenting on the results, Lee W. Hill, President and CEO said: AT&T Adds Speech Recognition Upgrade to 5,200 Line Call Center
"Our growth continues to be fueled by our advanced enhanced services technology. We believe the Linkon installation of automated speech recognition at AT&T is among the largest anywhere in the world. Improved customer service is a requirement of every business today. Our call center automation products are leading the way in providing such services."
LinkNet(TM) Internet Telephony Gateway in Six Major Global Telcos
"We have yet to feel the full revenue impact of our IPT products which accounted for only 22% of Linkon first half sales. But these sales include deployments at six global telcos including two USA trials, a commercial deployment in Mexico, one in Europe and another in Asia."
SS7 Enabled IP Gateway among the World's First
"We believe Linkon is among the first to actually deploy a SS7 enabled IP Gateway aimed at the carrier grade telco customer. Enhanced services like call waiting and forwarding, 800 portability and messaging are more easily created with the core technology we implemented from the NewNet Division of ADC Telecom (NASDAQ:ADCT)
."
Sun Microsystems and Ingram Micro Marketing Relationships Offer Promise
"We feel that our use of robust, scalable Sun UltraSparc Servers and the Solaris, UNIX based, Operating System provide us with a competitive edge. We are developing joint marketing plans with Sun (NASDAQ:SUNW)
and Ingram Micro(NYSE:IM)
, who have agreed to distribute Linkon IP Telephony products."
This news release contains forward-looking statements. Such statements are subject to certain factors, which may cause Linkon Corporation's plans to differ or results to vary from those expected including the risks associated with the development of new products and the uncertainty of product acceptance, the Company's dependence on its relationship with AT&T and Sun, the competitive nature of the Company's industry, rapid technological change, government regulations and legal uncertainties, the Company's dependence on key personnel, and a variety of risks set forth from time to time in Linkon Corporation's filings with the Securities and Exchange Commission. Linkon undertakes no obligation to publicly release results of any of these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events.
Linkon develops, manufactures and markets digital signal processor (DSP) based communication hardware and software for the Internet, telephone and computer industries. Linkon products are offered through distributors, value added resellers, system integrators and original equipment manufacturers.
LINKON CORPORATION AND SUBSIDIARY
CONSOLIDATED STATEMENT OF OPERATIONS
(Unaudited)
Three Months Ended Three Months Ended
July 31, 1998 July 31, 1997
Revenues $2,431,006 $805,501
Net (Loss) $(239,503) $(446,589)
(Loss) per Share $(0.02) $(0.04)
Weighted average number
of shares, outstanding 12,121,252 10,853,002
Six Months Ended Six Months Ended
July 31, 1998 July 31, 1997
Revenues $3,299,629 $1,528,050
Net Loss $(813,753) $(967,319)
Loss per Share $(0.07) $(.09)
Weighted average number
of shares outstanding 12,121,252 10,853,002
More up to the minute information is available from the Linkon home page: http://www.linkon.com/.
Linkon, Escape, Link'Net and Maestro are trademarks of Linkon Corporation. All other trademarks are the property of their respective owners.
Source: Linkon Corporation
Contact: Linkon Investor Relations, 203-319-3107
Website: http://www.linkon.com/