Data Translation announces Q1 results

MARCH 21--Data Translation Inc. (Marlboro, MA; www.datx.com) has released its financial results for the fiscal quarter ended February 28, 2003. Total sales for the quarter were $2,905,000, an increase of approximately 4.9% from $2,769,000 in the comparable quarter of fiscal 2002. The net loss for the first quarter of fiscal 2003 was $167,000, or $0.05 per diluted share compared to net loss of $299,000 or $0.09 per diluted share in the comparable quarter of fiscal 2002.

"We have held our own in the marketplace while continuing our new-product development efforts," said Fred Molinari, president and chief executive officer. "Generally speaking, our data-acquisition and imaging customers are proceeding cautiously with equipment purchases at this time. Despite market softness, we continue to add more application software capability to our hardware products. In this way, we help our customers to use our products more quickly and in turn get their products to market faster," added Molinari.