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Profile - QRS Music Technologies (OTC BB:QRSM.OB)
As of 31-Aug-2001
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More Info: Chart | News | Profile
Recent Events
Aug 13Price hit new 52-week low ($0.70)
Location
2011 Seward Avenue
Naples, FL 34109
Phone: (941) 597-5888
Fax: (941) 597-3936
Employees (last reported count): 79
Financial Links
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Consumer Cyclical
 ·Industry: Recreational Products
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 68%
·Institutional: 1% (4% of float)
(2 institutions)
·Net Inst. Buying: 7,000  shares (+5.60%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
QRS Music Technologies, Inc. (QRSM), formed in January 1990, is engaged in primary lines of business were manufacture and sale of Pianomation Music Instrument Digital Interface (MIDI), manufacture and sale of Story & Clark pianos, sale of MIDI CDs and floppy disks and manufacture and sale of music rolls for player pianos. The Company's corporate offices and Pianomation development facilities and showroom are located in Naples, Florida. QRSM also has a warehouse, piano restoration, and showroom facility in Las Vegas, Nevada, piano manufacturing and Pianomation assembly and showroom facilities in Seneca, Pennsylvania, and a piano roll manufacturing and warehouse facility and software development facility in Buffalo, New York.
More from Market Guide: Expanded Business Description

Financial Summary
QRS Music Technologies is primarily engaged in the manufacture and sale of Pianomation MIDI, the manufacture and sale of Story and Clark pianos, the sale of MIDI CDs and floppy disks and the manufacture and sale of piano rolls. For the nine months ended 3/31/01, net sales rose 13% to $11.5 million. Net income applicable to Common rose 85% to $1.1 million. Results reflect increased sales of Pianomation systems and higher margins due to reduced component costs.
More from Market Guide: Significant Developments

Officers

Position
Richard Dolan, 64Pres, CEO, Director
Ann Jones, 35CFO, Sec., Treasurer, Director
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:QRSM.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 13-Aug-2001
$0.70 
Recent Price$0.75 
52-Week High
on 26-Mar-2001
$3.50 
Daily Volume (3-month avg)1,500 
Daily Volume (10-day avg)4,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y]
26-Week Change-60.0%
26-Week Change
relative to S&P500
-56.5%
Share-Related Items
Market Capitalization$6.94M
Shares Outstanding9.25M
Float3.00M
Dividends & Splits
Annual Dividendnone 
Last Splitnone 
Per-Share Data
Book Value (mrq)$0.68 
Earnings (ttm)$0.13 
Earnings (mrq)$0.04 
Sales (ttm)$1.56 
Cash (mrq)$0.13 
Valuation Ratios
Price/Book (mrq)1.10 
Price/Earnings (ttm)5.72 
Price/Sales (ttm)0.48 
Income Statements
Sales (ttm)$15.0M
EBITDA (ttm)$2.30M
Income available to common (ttm)$1.24M
Profitability
Profit Margin (ttm)8.7%
Operating Margin (ttm)15.3%
Fiscal Year
Fiscal Year EndsJune 30
Most recent quarter31-Mar-2001
Management Effectiveness
Return on Assets (ttm)14.13%
Return on Equity (ttm)21.79%
Financial Strength
Current Ratio (mrq)4.18 
Debt/Equity (mrq)0.23 
Total Cash (mrq)$1.21M
Short Interest
Shares ShortN/A 
See Profile Help for a description of each item above;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 31-Mar-2001)

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