96: OPTELECOM INC. 15940 Luanne Dr. Gaithersburg, Md. 20877
REVENUE: $2.7 million LOSS: $82,000 LOSS PER SHARE: 3 cents DIVIDEND: None ASSETS: $1.5 million STOCKHOLDERS' EQUITY: $990,000 RETURN ON EQUITY: NA EXCHANGE: OTC EMPLOYES: 41 TOP EXECUTIVES: William Culver, chairman; George Konkol, president FOUNDED: 1972
DESCRIPTION: Optelecom designs and manufactures fiber-optic products for government and industrial customers, including lasers for use in military night-vision systems.
DEVELOPMENTS: The company reported a 26 percent rise in earnings for the fiscal year ended Dec. 31, reducing its losses from $112,000 in 1983 to $82,000 in 1984. The improvement came in the fourth quarter, with $204,000 in profits compared with a loss of $91,000 during the same quarter of 1983. Optelecom attributes the growth to new contracts, including a $1.3 million contract with the U.S. Air Force for 30 laser illuminators. 97: CORDATUM INC. 4720 Montgomery La. Bethesda, Md. 20814
REVENUE: $1.9 million LOSS: $365,000 LOSS PER SHARE: 10 cents DIVIDEND: None ASSETS: $916,000 STOCKHOLDERS' EQUITY: $621,000 RETURN ON EQUITY: NA EXCHANGE: OTC EMPLOYES: 44 TOP EXECUTIVE: Merle C. Jarvis, president FOUNDED: 1973
DESCRIPTION: Cordatum develops computer software and educational videodisc systems for the federal government and private industry. Through a contract signed with the National Education Association in 1983, Cordatum has become a major supplier of computers in the classroom.
DEVELOPMENTS: Several new contracts with the National Education Association and government agencies boosted Cordatum's revenue 61 percent for the fiscal year ended Dec. 31. Losses jumped 50 percent, however, as new projects started up and expansion began on the NEA Educational Computer Service. 98: TECH SERV INC. 5301 Holland Dr. Beltsville, Md. 20705
REVENUE: $1 million LOSS: $503,000 LOSS PER SHARE: 88 cents DIVIDEND: None ASSETS: $1.1 million STOCKHOLDERS' EQUITY: ($274,000) RETURN ON EQUITY: NA EXCHANGE: OTC EMPLOYES: 60 TOP EXECUTIVE: Frank L. Goodwin Jr., president FOUNDED: 1960
DESCRIPTION: Tech Serv manufactures miniature aerial target systems for use in military training and radio control equipment for target guidance systems.
DEVELOPMENTS: A lapse in a major contract with the U.S. Army during the fiscal year ended June 30, 1984, accounted for Tech Serv's losses for that period. The five-year contract with the Army for manufactured aerial targets was not renewed until fiscal 1985.
For the first half ended Dec. 31, Tech Serv reported profits of $60,000, compared with a loss of $67,000 during the same period a year earlier. 99: HITECH ENGINEERING CO. 8260 Greensboro Dr. McLean, Va. 22102
REVENUE: $762,000 LOSS: $1.1 million LOSS PER SHARE: 7 cents DIVIDEND: None ASSETS: $2 million STOCKHOLDERS' EQUITY: $1.9 million RETURN ON EQUITY: NA EXCHANGE: OTC EMPLOYES: 27 TOP EXECUTIVE: Francine J. Prokoski, president, chairman and chief executive officer FOUNDED: 1983
DESCRIPTION: Hitech Engineering provides security products and consulting services to corporations and government agencies concerned that their communications are being intercepted. The company has developed a Tempest/Trace operating facility for improving the security of electronic devices and computers.
DEVELOPMENTS: This year was Hitech's first as a public company. Its initial stock offering last June brought in $3 million (6 million common shares at 50 cents each), and the influx of funds allowed the company to begin several projects. The start-up costs, however, resulted in a net loss for Hitech's first year of operation.
Hitech said one of its primary objectives last year was to establish itself as a fully certified provider of Tempest technology. The company also reported that it obtained two small contracts from Mitsui Engineering & Shipbuilding Co. for nuclear and safeguard projects. 100: NETWORD INC. 6801 Kenilworth Ave., Riverdale, Md. 20737
REVENUE: $ 629,320 LOSS: $103,355 EARNINGS PER SHARE: 2 cents DIVIDEND: None ASSETS: $2.24 million STOCKHOLDERS' EQUITY: $2.18 million RETURN ON EQUITY: NA EXCHANGE: OTC EMPLOYES: 7 TOP EXECUTIVE: Diana Guetzkow, president FOUNDED: 1981
DESCRIPTION: Netword provides hard copy electronic-mail services to business and industry.
DEVELOPMENTS: Netword, which has 86 clients, is tied into the U.S. Postal Service E-COM System. A major development last June was the Postal Serice announcement that it would attempt to sell the E-COM System, in which about $50 million already has been invested. The sale of E-COM might force Netword to seek other companies that provide similar electronic-mail delivery services. So far, the Postal System has not yet found a buyer.