Portland, OR July 24 -- ThrustMaster, Inc. (NASDAQ: TMSR) today reported second quarter 1995 revenues of $4,277,000, an increase of 64% compared to $2,608,000 for the same quarter last year. Net income was $307,000, an increase of 88% compared to $163,000 for the same quarter last year. This represents the Company's sixteenth consecutive profitable quarter. Earnings per share were $0.07 in the second quarter of 1995 versus $0.06 for the same quarter last year.
Net sales for the six months ended June 30, 1995 were $7,978,000, an increase of 54% compared to $5,178,000 for the first six months of 1994. Net income was $480,000, an increase of 64% compared to $292,000 for the first half of 1994. Earnings per share were $0.12 for the first six months of 1995 compared to $0.11 cents for the same period last year.
"The second quarter continued our strategy of expanding lines of distribution while at the same time adding to our existing product line," said Stephen Aanderud, ThrustMaster's President and Chief Executive Officer. "We are proud to announce the addition of Wal-Mart, our first major mass merchant, to our customer base. Our new F-16 Throttle Quadrant System began shipping in May and orders are exceeding our expectations. In addition, new products scheduled for introduction this year are on track and position us well for the holiday season."
The Company is headquartered at 10150 SW Nimbus Avenue, Portland, Oregon 97223-4337. The Company's telephone number is 503-639-3200.
CONTACT: Kent E. Koski, Vice President-Finance and CFO of ThrustMaster, 503-639-3200; or Heidi Flannery, Investor Relations Consultant, Fi.Comm , 503-221-7403/ (TMSR)