Premier Laser Expects Record Sales, Supply Shortage
IRVINE — Dental laser maker Premier Laser Systems said a burst of business that should provide record sales for its third quarter, ending today, also has resulted in a supply shortage that it does not expect to resolve until its fiscal 1998 first quarter beginning in March.
As a result, the company’s common stock fell 50 cents in moderate Nasdaq market trading Monday to close at $5.25 a share.
Premier said that despite its inability to ship orders at the same pace it is receiving them, it expects sales for its fiscal 1997 third quarter to rise to between $1.4 million and $1.6 million, more than double its sales for the comparable quarter in 1995.
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