#85. BIOSPHERICS INC.
4928 Wyaconda Rd. Rockville, Md. 20852 REVENUE: $6.7 million PROFITS: $137,232 EARNINGS PER SHARE: 3 1/2 cents DIVIDEND: None ASSETS: $3.6 million STOCKHOLDERS' EQUITY: $2 million RETURN ON EQUITY: 7.2 percent EXCHANGE: OTC EMPLOYES: 210 TOP EXECUTIVE: Gilbert V. Levin, president. FOUNDED: 1967
DESCRIPTION: Best known for its efforts to develop "left-handed," low-calorie sugar, Biospherics also provides products and services for the health, maritime and educational markets. Its laboratory division performs contract analysis and testing of pollutants, toxic wastes and industrial hygiene hazards. The engineering and instrumentation division makes products and processes to address pollution problems. The communications division distributes educational material and provides information services.
DEVELOPMENTS: Biospherics posted a healthy 10 percent increase in sales and a 24 percent increase in profits in 1985. Most of the growth was attributed to the laboratory division, which saw an overall increase in analytical work, accompanied by gains in industrial hygiene sales and a regional expansion of operations.
Marine instrumentation sales were hurt by the decline of the maritime industry, but the company hopes to compensate when a new international law goes into effect in October, requiring the installation of oil-in-water monitoring equipment for all vessels weighing more than 400 gross tons. Biospherics also plans this year to begin manufacturing a version of its Oil Sentry pollution-control device for the U.S. Navy.
The company said its IPD Communications division saw a modest increase in revenue, but sacrificed profits for marketing and product development.
Nearly 3 percent of Biospherics' revenue was invested in its Lev-O-Cal low-calorie sugar -- a form of sugar identical to normal sugar, which occurs in a molecular structure that is not absorbed by our bodies. The company continues to perform animal testing and explore production methods that would make the product more economically competitive. Biospherics continues to seek a "big brother" corporation with the money, technology and marketing muscle to help develop the product. #86. SPORTING LIFE INC.
5302 Eisenhower Ave. Alexandria, Va. 22304 REVENUE: $6.6 million PROFITS: $500,000 EARNINGS PER SHARE: 85 cents DIVIDEND: None ASSETS: $4.1 million STOCKHOLDERS' EQUITY: $2.4 million RETURN ON EQUITY: 20.4 percent EXCHANGE: OTC EMPLOYES: 41 TOP EXECUTIVES: Charles B. Howard II, president; Thomas K. Wilcher, vice president, finance and operations. FOUNDED: 1978
DESCRIPTION: Sporting Life is a mail-order catalogue firm offering women's apparel in a series of four catalogues issued annually.
DEVELOPMENTS: Sporting Life reported a sixfold increase in net profits in the fiscal year ended July 31. Revenue for the year increased 50 percent. The company's strong performance has continued into the current fiscal year, with revenue in the first half of $4.46 million through the period ending Jan. 31, up from $2.98 million in the same period last year. Net income for the first half of the year was $172,166 (18 cents), compared with $131,070 (29 cents) for the same period a year earlier.
In May 1985, the company had a public offering of 500,000 shares that raised $2.5 million in new capital. Sporting Life will introduce a second catalogue line under the name "Christina Stuart" in July. A total of 6 million Sporting Life books are mailed each year in four separate mailings -- spring, summer, fall and holidays.
The company plans to distribute 10.5 million catalogues in 1987 and projects sales in the current year exceeding $13.5 million. In March, Sporting Life purchased a mailing list of 75,000 names from D. H. Holmes, another women's apparel catalogue firm. #87. INDUSTRIAL TRAINING CORP.
14616 Southlawn Lane Rockville, Md. 20850 REVENUE: $6.1 million PROFITS: $302,884 EARNINGS PER SHARE: 41 cents DIVIDEND: None ASSETS: $5.5 million STOCKHOLDERS' EQUITY: $3 million RETURN ON EQUITY: 10.1 percent EXCHANGE: OTC EMPLOYES: 63 TOP EXECUTIVES: J. H. Walton, president; Gerald H. Kaiz, chairman and executive vice president. FOUNDED: 1977
DESCRIPTION: Industrial Training provides a wide range of training material and employe instruction systems on interactive compact video discs. The company is a "full service" training firm capable of producing generic training materials that integrate video-disc and personal-computer technologies.
DEVELOPMENTS: Industrial Training reported a 20 percent increase in revenue and a 67 percent jump in net income for the fiscal year ended Dec. 31. The company, which last May merged with International Institute of Applied Technology Inc. of Rockville and offered stock to the public, recently has introduced a series of 17 new interactive video discs for electrical/electronics skills training. A similar series of nine discs will be released soon on electrical/electronics theory. The company also has developed an eight-disc series on applied industrial mathematics.
In cooperation with its British subsidiary, Industrial Training Co. Ltd., the firm also has developed a compact-disc training series on statistical process control. #88. HANK'S SEAFOOD CO. INC.
P.O. Box 70 Easton, Md. 21601 REVENUE: $6 million PROFITS: $199,000 EARNINGS PER SHARE: 9 cents DIVIDEND: None ASSETS: $1.8 million STOCKHOLDERS' EQUITY: $1.1 million RETURN ON EQUITY: 21 percent EXCHANGE: Philadelphia EMPLOYES: 5 TOP EXECUTIVE: Arthur Meyers, president. FOUNDED: 1959
DESCRIPTION: Hank's Seafood markets prefried clam strips.
DEVELOPMENTS: Earnings for Hank's dropped 26 percent in the fiscal year ended Dec. 31, 1985, despite a modest 8.6 increase in revenue. The decline in profits marked the second consecutive year of depressed earnings. Profits for fiscal 1984 were off 25 percent. Increased operating costs were given as the reason for the erosion of earnings last year. The company reported normal operations throughout the year with no expansion of markets or acquisitions. The company operates fishing vessels in the Chesapeake Bay and in ocean waters off the East Coast. #89. DATA MEASUREMENT CORP.
8605 Grovemont Cir. Gaithersburg, Md. 20877 REVENUE: $5.6 million PROFITS: $329,000 EARNINGS PER SHARE: 90 cents DIVIDEND: None ASSETS: $4.8 million STOCKHOLDERS' EQUITY: $1.5 million RETURN ON EQUITY: 22 percent EXCHANGE: OTC EMPLOYES: 112 TOP EXECUTIVE: Dominique Gignoux, president. FOUNDED: 1962
DESCRIPTION: Data Measurement Corp. designs and produces computerized systems to measure and control basic industrial products, including rubber, metals, plastics, fiberglass and paper. The company has manufacturing facilities in Gaithersburg and in Great Britain.
DEVELOPMENTS: Data Measurement's revenue increased 22 percent for the fiscal year ended Dec. 31. Net income increased 64 percent over the previous year. Corporate officials attribute the good showing to the full integration of manufacturing facilities in this country and Great Britain.
The company's backlog of orders at the start of the new fiscal year was $4.1 million, more than double the $1.9 million backlog at the start of fiscal 1985.