Digital Power Announces Fourth Quarter and 2000 Year End Results

Apr 17, 2001, 01:00 ET from Digital Power Corporation

    FREMONT, Calif., April 17 /PRNewswire/ --
 Digital Power Corporation (AMEX:   DPW), today announced financial results for
 its fourth quarter and year ended December 31, 2000.
     Revenues for the quarter ended December 31, 2000, increased 25.4% to
 $4,238,610 from $3,379,931 for the prior year quarter ended
 December 31, 1999.  A net loss of $131,736 for the fourth quarter of 2000 was
 reported, compared to net income of $21,921 for the comparable quarter last
 year.
     For the twelve months ended December 31, 2000, revenues increased 16.5% to
 $17,882,730 from $15,354,018 for the prior year.  Net income was $95,167
 versus net income of $33,427 for the same period last year.
     Digital Power designs, develops, manufactures, and markets switching power
 supplies for sale to manufacturers of computer and other electronic equipment.
 The headquarters are located at 41920 Christy Street, Fremont, California,
 94538-3158, phone number 510-657-2635.  Contact Malcolm McGuire (CCRI) at
 800-828-0406 or visit the website at http://www.digipwr.com .
     The foregoing contains forward-looking statements which are subject to
 contingencies and uncertainties which are set forth in Digital Power's filings
 with the Securities and Exchange Commission.  Such forward-looking statements
 are not guarantees of future performance, and are based on numerous
 assumptions about future conditions that could prove to be inaccurate.  Actual
 events, transactions, and results may differ materially from anticipated
 events, transactions or results described in such statements.
 
                                 Financial Data
                  (in thousands except for per share amounts)
 
                                 Three Months               Twelve Months
                              Ended December 31           Ended December 31
     Statement of
      Operations Data         1999          2000          1999         2000
 
     Revenues                $3,380        $4,239      $15,354       $17,883
     Income (loss)
      from operations            83          (250)         321           249
     Income (loss)
      before income taxes        46          (243)         156           199
     Net income (loss)           22          (132)          33            95
     Net income (loss)
      per share
       Basic                  $0.01        $(0.04)       $0.01         $0.03
       Fully Diluted          $0.01        $(0.04)       $0.01         $0.03
     Shares used in per
      share calculation
         -Basic               2,771         3,259        2,771         2,939
         -Diluted             2,832         3,470        2,833         3,275
 
         Weighted Average
          Shares Issued       2,771         3,259        2,771         2,939
         Weighted Average
          Options                61           211           62           336
         Weighted Average
          Warrants               --            --           --            --
 
                                                          As of December 31
     Balance Sheet Data                                  1999           2000
 
     Working capital                                   $5,368         $6,462
     Total assets                                      11,161         12,165
     Long-term debt                                       106             62
     Shareholders' equity                               7,652          8,541
 
 

SOURCE Digital Power Corporation
    FREMONT, Calif., April 17 /PRNewswire/ --
 Digital Power Corporation (AMEX:   DPW), today announced financial results for
 its fourth quarter and year ended December 31, 2000.
     Revenues for the quarter ended December 31, 2000, increased 25.4% to
 $4,238,610 from $3,379,931 for the prior year quarter ended
 December 31, 1999.  A net loss of $131,736 for the fourth quarter of 2000 was
 reported, compared to net income of $21,921 for the comparable quarter last
 year.
     For the twelve months ended December 31, 2000, revenues increased 16.5% to
 $17,882,730 from $15,354,018 for the prior year.  Net income was $95,167
 versus net income of $33,427 for the same period last year.
     Digital Power designs, develops, manufactures, and markets switching power
 supplies for sale to manufacturers of computer and other electronic equipment.
 The headquarters are located at 41920 Christy Street, Fremont, California,
 94538-3158, phone number 510-657-2635.  Contact Malcolm McGuire (CCRI) at
 800-828-0406 or visit the website at http://www.digipwr.com .
     The foregoing contains forward-looking statements which are subject to
 contingencies and uncertainties which are set forth in Digital Power's filings
 with the Securities and Exchange Commission.  Such forward-looking statements
 are not guarantees of future performance, and are based on numerous
 assumptions about future conditions that could prove to be inaccurate.  Actual
 events, transactions, and results may differ materially from anticipated
 events, transactions or results described in such statements.
 
                                 Financial Data
                  (in thousands except for per share amounts)
 
                                 Three Months               Twelve Months
                              Ended December 31           Ended December 31
     Statement of
      Operations Data         1999          2000          1999         2000
 
     Revenues                $3,380        $4,239      $15,354       $17,883
     Income (loss)
      from operations            83          (250)         321           249
     Income (loss)
      before income taxes        46          (243)         156           199
     Net income (loss)           22          (132)          33            95
     Net income (loss)
      per share
       Basic                  $0.01        $(0.04)       $0.01         $0.03
       Fully Diluted          $0.01        $(0.04)       $0.01         $0.03
     Shares used in per
      share calculation
         -Basic               2,771         3,259        2,771         2,939
         -Diluted             2,832         3,470        2,833         3,275
 
         Weighted Average
          Shares Issued       2,771         3,259        2,771         2,939
         Weighted Average
          Options                61           211           62           336
         Weighted Average
          Warrants               --            --           --            --
 
                                                          As of December 31
     Balance Sheet Data                                  1999           2000
 
     Working capital                                   $5,368         $6,462
     Total assets                                      11,161         12,165
     Long-term debt                                       106             62
     Shareholders' equity                               7,652          8,541
 
 SOURCE  Digital Power Corporation