Optelecom Inc.This Gaithersburg-based maker of fiber...

BY THE NUMBERS

November 16, 1991

Optelecom Inc.

This Gaithersburg-based maker of fiber optics and laser systems said its earnings for the third quarter grew 5.7 percent because of the rising popularity of fiber optic systems.

Optelecom Chief Executive Officer William H. Culver said yesterday that the company's work on night vision and missile guidance systems also is increasing.

Three months ended 9/30/91

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

'91.. .. .. . 1,128,135.. .. .. 33,453.. .. .. .. .. 0.01

'90.. .. .. . 1,072,797.. .. .. 31,632.. .. .. .. .. 0.01

% change.. .. .. .. +5.1.. .. .. .. +5.7.... .. .. .. +0.0

Nine months ended 9/30/91

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

'91.. .. .. . 3,430,491.. .. .. 62,127.. .. .. .. .. .0.02

'90.. .. .. . 3,086,873.. .. . (38,433).. .. .. .. . (0.01)

% change.. .. .. . +11.1.. .. .. .. --.. .. .. .. .. .. ... --

Oncor Inc.

This Gaithersburg manufacturer and marketer of DNA probes for the detection of cancer and genetic diseases reported sharp gains in revenues for both the third quarter and the nine months that ended Sept. 30. But Oncor recorded losses in both periods because of an upsurge in research and development costs.

Stephen Turner, chairman and chief executive, said that the loss for the quarter was expected and resulted from a 135 percent rise in R&D expenses related mostly to the company's contract with Hickley International Ltd. for the development of new DNA and RNA probes.

Mr. Turner said that the company "is firmly committed to maintaining a leadership position in the coming era of genetic-based clinical medicine. We believe that increasing our investment in research and development will be rewarded in the future with a strong cancer-diagnostic product portfolio."

Three months that ended 9/30/91

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

'91.. .. .. .. .. 920,234.. .. (1,352,778).. .. (0.13)

'90.. .. .. .. .. 696,392.. .. . (982,798).. .. .(0.14)

% change.. .. .. .. +32.1.. .. .. .. .-37.6.. .. .. +7.1

Nine months that ended 9/30/91

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

'91.. .. .. .. . 3,643,157.. .. (2,358,870).. .. (0.26)

'90.. .. .. .. . 2,309,794.. ... (1,758,126).. .. (0.24)

% change.. .. .. .. +57.7.. .. .. .. .-34.2.. .. .. ..-8.3

Bank Maryland Corp.

Bank Maryland Corp.'s woes continued yesterday as it posted a large loss for its third quarter, but the parent of the Bank of Maryland could take some comfort that the damage was significantly smaller than a year ago.

The Towson-based banking company, which had $207.6 million in assets as of Sept. 30, reported a loss of $2.5 million, or $1.24 a share, compared with $4 million, or $1.99 a share, in the same quarter of 1990.

Bank Maryland, which has been plagued by real estate loan defaults and turnover in top management positions, also announced yesterday that it added almost $2.475 million to loan-loss reserves in the quarter. In the same period last year, it added $2.125 million to the reserves.

0 The reserves now total more than $5 million.

Three months that ended 9/30/91

.. .. .. .. .. Income.. .. .. .. .. Share

'91.. .. . (2,504,000).. .. .. .. (1.24)

.. . (4,013,000).. .. .. .. (1.99)

change.. .. .. +39.0.. .. .. .. .. +37.7

.. .. .. .. .. .Assets.. .. .. .. Deposits

'91.. .. . 207,611,000.. .. . 186,089,000

'90.. .. . 223,840,000.. .. . 201,903,000

% change.. .. ... .-7.2.. .. .. .. .. .-7.8

Nine months that ended 9/30/91

.. .. .... .. . Income.. .. .. .. .. Share

'91.. .. .. (3,365,000).. .. .. . (1.66)

.. .. (10,965,000).. .. .. .(5.44)

% change.. .. .. .. +69.3.. .. .. . +69.5

Loan portfolio

Nine months that ended 9/30/91

.. .. .. .. .. Loans outstanding.. .. .. .. .. Net charge-offs

'91.. .. .. .. .. . 140,536,000.. .. .. .. .. .. . 1,829,000

'90.. .. .. .. .. .. 149,916,000.. .. .. .. .. .. . 4,712,000

% change.. .. .. .. .. .. .-6.3.. .. .. .. .. .. .. .. ..-61.2

.. .. .. .. .. Addition to allowance.. .. .. .. .. .. Allowance

.. .. .. .. .. .. ..for loan losses.. .. .. ... . for loan losses

'91.. .. .. .. .. .. . 3,072,000.. .. .. .. .. .. ... 5,043,000

'90.. .. .. .. .. .. 5,911,000.. .. .. .. .. .. .. 3,963,000

% change.. .. .. .. .. .. .-48.0.. .. .. .. .. .. .. .. .. +27.2

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