Ariel Corporation Reports Preliminary Unaudited Second Quarter Results.

PR Newswire | August 9, 2000 | Copyright

CRANBURY, N.J., Aug. 9 /PRNewswire/ --

Ariel Corp. (Nasdaq: ADSP) today reported net sales of $1,097,211 for the three months ended June 30, 2000 compared to net sales of $2,760,021 for the three months ended June 30, 1999. Ariel reported a net loss of ($6,785,563) or ($0.52) basic and dilutive loss per share for the three months ended June 30, 2000 compared to net loss of ($3,267,936) or basic and dilutive loss per share of ($.33) for the three months ended June 30, 1999. Per share losses for the three months ended June 30, 2000 were ($.34) prior to restructuring ...

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