| Business Summary | | Zonic
Corporation
specializes
in
the
design,
manufacture
and
marketing
of
integrated
standard
systems
that
are
used
in
measuring
and
analyzing
the
vibration
and
noise
characteristics
of
mechanical
structures.
These
systems
are
used
worldwide
in
product
design
conformance
testing,
manufactured
product
quality
verification
and
operating
machine
condition
monitoring.
The
Company
has
historically
focused
on
manufacturing
applications
primarily
in
the
areas
of
machine
condition
monitoring
and
quality
product
production
monitoring.
The
Company
has
been
developing
new
products
that
utilize
certain
existing
products
to
satisfy
needs
that
are
currently
not
being
met
in
certain
niche
segments
of
these
markets.
In
June
2001,
the
Company
filed
a
voluntary
petition
under
Chapter
11
of
the
United
States
Bankruptcy
Code.
The
Company
suspended
operations
and
discharged
its
employees
on
June
1,
2001.
The
Company
has
reached
preliminary
agreement
with
a
potential
buyer. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ZNIC
designs,
manufactures,
and
markets
integrated
standard
systems
which
are
used
to
measure
and
analyze
the
vibration
and
noise
characteristics
of
mechanical
structures.
For
the
fiscal
year
ended
3/31/01,
revenues
rose
5%
to
$1.9
million.
Net
income
applicable
to
Common
rose
19%
to
$41
thousand.
Revenues
reflect
improvement
from
the
Company's
non-destructive
production
test
equipment.
Earnings
also
benefitted
from
the
reclassification
of
previous
non-recurring
items. Recent Earnings Announcement For
the
3
months
ended
03/31/2001,
revenues
were
450;
after
tax
earnings
were
23. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | James
B. Webb,
Pres./CEO/Treas. Shoichi
Sekine,
Exec. VP Dale
R. Nieman,
VP/Asst. Treas./Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|