PORTLAND, OR, April 25 -- ThrustMaster, Inc. (NASDAQ: TMSR), today reported that first quarter 1995 revenues were $3,701,000, an increase of 44%, compared to $2,570,000 for the same quarter last year.
Net income, on a pro forma basis, was $173,000 for the first quarter of 1995, an increase of 34%, compared to $129,000 for the same quarter last year. This represents the Company's fifteenth consecutive profitable quarter. Average shares increased period to period 30%, which resulted in net income per share of $0.05 for both quarters.
"This has been an exciting quarter for the Company and its shareholders," said Stephen Aanderud, ThrustMaster's president and Chief Executive Officer. "On February 24, the Company completed its initial public offering of common stock and began trading on the NASDAQ National Market."
The Company is headquartered at 10150 SW Nimbus Avenue, Portland, Oregon 97223-4337. The Company's telephone number is 503-639-3200.
CONTACT: Stephen A. Aanderud, President & CEO of ThrustMaster, 503-639-3200; or Heidi Flannery, Investory Relations Consultant of Fi.Comm, 503-221-7403/ (TMSR)