Alpha 1 Biomedicals Inc.This Bethesda-based pharmaceutical...

EARNINGS

November 12, 1992

Alpha 1 Biomedicals Inc.

This Bethesda-based pharmaceutical company reported a loss of $1.2 million, or 17 cents a share, for the third quarter, compared with a loss of $865,966, or 13 cents a share, a year ago.

The company, which has one product under development, has 16 employees and a laboratory in California.

Alpha 1 Biomedicals is in the third stage of human testing for a product to treat chronic hepatitis B.

' Three months ended 9/30

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

92.............41,964................ (1,242,400)........ (0.17)

91............ 66,208................ (865,966)......... (0.13)

% change.........-36.6....................... NA................ NA

Nine months ended 9/30/92

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

92................ 159,104........(3,144,676)............ (0.43)

91................ 127,836....... (2,248,980)............ (0.34)

% change............. +24.5................ NA.................. NA

Scios Nova Inc.

Scios Nova reported a loss of $90.4 million for the third quarter but said the loss stemmed mostly from a one-time $85.1 million write-off for the purchase of Nova Pharmaceutical's developing technologies.

Scios, of Mountain View, Calif., bought Nova Pharmaceutical, a Baltimore biotechnology company, on Sept. 3. Figures for 1991 are for Scios before the merger. Figures for the most recent quarter include one month of Nova's results.

Three months ended 9/30/92

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

92......... 6,717,000......... (90,384,000)......... (4.04)

91......... 1,420,000......... (2,763,000)...........(0.19)

% change........+373.0.................. NA................ NA

Nine months ended 9/30/92

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

92.................11,177,000..........(96,348,000)....(4.88)

91.................5,959,000..........(6,658,000)... (0.48)

% change............... +87.6.................. NA......... NA

Group 1 Software

This Greenbelt-based software developer reported higher revenues and earnings for its second fiscal quarter that ended Sept. 30, despite "increased competitive pressures," Chairman and Chief Executive Officer Robert S. Bowen said in a statement.

Group 1's stock, which trades thinly on the NASDAQ exchange, shot up $3, to $16 a share, Tuesday when the earnings announcement was made before giving up the gain yesterday and closing back at $13 a share.

Mr. Bowen noted the earnings reflected an accounting change that requires software companies to recognize revenue over the life of a sales agreement with a customer, even if the funds are paid in advance.

Group 1, which offers data base and postal service software, had $8.5 million of revenue on Sept. 30 that was not yet recognized as income, Mr. Bowen said.

Three months ended 9/30

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

92.........7,704,000............ 947,000.............. 0.22

91........ 6,896,000............ 859,000.............. 0.20

% change....... +11.7............... +10.2.............. +10.0

Six months ended 9/30/92

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

92......... 14,541,000..........1,709,000............ 0.40

91..........13,918,000...........1,889,000............ 0.44

% change...........+4.5................-9.5..............-9.1

The Cosmetic Center Inc.

This Savage-based retail chain reported yesterday that it posted a 63 percent earnings gain during its fiscal fourth quarter, which saw the company break the $100 million mark in annual sales.

The company reported earnings for the quarter that ended Sept25 of $566,000, or 13 cents a share, from $347,000, or 11 cents, in the year-earlier period. The company said 4.2 million shares were outstanding in the current period, compared with 3.1 million last year.

It was the 26th straight profitable quarter and the 12th straighquarter of increased earnings over the comparable quarter, the company reported.

The Cosmetic Center, a retailer of cosmetics, fragrances and beauty aids, said its comparable-store sales were up 9.4 percent for the year.

The 39-store chain also said it expects to open another fivstores in time for the Christmas season.

Three months ended 9/25/92

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

92............. 23,132,000......... 566,000............. 0.13

91............. 21,302,000......... 347,000 .............0.11

% change.............. +8.6.............+63.1............. +18.2

Twelve months ended 9/25/92

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

92............,.101,175,000...........2,434,000........ 0.68

91.............. 87,628,000.......... 1,858,000........ 0.60

% change.............. +15.5............... +31.0........ +13.3

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