Noise Cancellation Technologies Inc.vTCThe Stamford...

BY THE NUMBERS

August 17, 1991

Noise Cancellation Technologies Inc.

vTC

The Stamford, Conn.-based company, which develops computer equipment to reduce noise and vibrations, announced profitable results for both the second quarter and first six months of the year.

Noise Cancellation Technologies' chairman, John J. McCloy II said that first-half operations also continued the trend to emphasize customer-funded applications of the company's technology as opposed to company funding.

Sales have gone up sharply as the company has benefited from licensing agreements with other companies to apply its technology to a variety of household and industrial products.

The company's main research and development facilities are in Linthicum.

Three months ended 6/30/91

... ... ... ..Revenue... ... .. .Net... Share

.. .. 1,580,087.. .. ..33,987.. .. --

.. .. ..439,470.. . (813,574).. (.02)

% change.. .. .+259.5.. .. .. .. --.. .. ..--

Six months ended 6/30/91

.. .. .. .. .. Revenue.. .. .. .. Net.. Share

'91.. .. .. 3,741,839.. .. ..83,727.. . --

.. .... ..698,641.. (1,715,514).. ..04)

% change.. .. . +435.6.. .. --.. .. .. .. .--

BTR Realty Inc.

This Linthicum-based developer of commercial real estate reported a 20 percent drop in the important category of income before depreciation, amortization and deferred taxes during the quarter that ended June 30.

BTR also reported a small loss in the net income column. But, like other publicly owned developers, BTR

contends that net income doesn't measure its performance properly. One step in calculating net income is to subtract the depreciation of real estate assets for accounting purposes.

But since real estate usually appreciates, net income understates the performance of real estate stocks, BTR contends.

The net loss was $436,899 during the second quarter, BTR said, while the earnings before depreciation, amortization and deferred taxes were $526,297, down from $662,298 in the same part of last year.

BTR President F. Patrick Hughes blamed the declines on higher interest expenses, higher taxes and higher operating costs.

Three months ended 6/30/91

.. .. .. .. Revenue.. .. .. .. .. Net.. .. .. .. .Share

'91.. .. 6,680,927.. .. .. (436,899).. .. ....(0.05)

.. 5,353,538.. .. .. .(371,661).. .. .. .(0.04)

% change.. .. +24.8 .. .. .. .. -- .. .. .. .. ... . --

Six months ended 6/30/91

.. .. .. .. Revenue.. .. ... .. .. Net.. .. .. .. Share

91.. .. 11,469,777.. .. (1,273,132).. .. .. .. (0.15)

'90.. ..10,388,286.. .. .. (450,016).. .. .. .(0.05)

change.. .. +10.0.. .. .. .. .. .--.. ... .. .. .. --

NVR LP

The parent company of NVHomes and Ryan Homes said that it lost $11.6 million, or 40 cents per partnership unit, during the three months that ended June 30.

The financially staggered homebuilder, now unable to pay the interest on more than $215 million in "junk bonds," lost less money than in the same period of 1990, but that was the quarter when the company wrote off about $50 million worth of land investments.

McLean, Va.-based NVR said that it didn't make required interest payments on subordinated debt on Dec. 15, 1990, and )) June 15, 1991. NVR has said that it does not anticipate making future interest payments on that debt unless those obligations are restructured to reflect its financial condition.

The company said that its revenues plunged 41 percent because NVR has been pulling out of parts of the country where the housing market is weak in order to cut costs. The company said that it remains the leading homebuilder in the Washington ++ area and is the second-leading seller of new homes in metropolitan Baltimore.

Three months ended 6/30/91

.. .. .. .. .. Revenue.. .. .. .. .. Net.. .. .. .. Share

'91.. .. ..197,162,000 .. ..(11,568,000).. .. .. (0.40)

.. .333,762,000.. .. (53,327,000).. .. .. .(1.90

change.. .. .. 40.9.. .. .. ... -- .. .. ... .. ..-- --

Six months ended 6/30/91

.. .. .. .. ..Revenue.. .. .. .. .. . Net.. .. .. . Share

'91.. ....362,430,000 .. .. .(22,520,000).. .. .. .(0.79)

.. .562,368,000 .. .. .(52,186,000).. .. .. (1.88)

% change.. .. .. 35.6.. .. .. .. -- .. .. .. .. .. . ..--

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.