MINNEAPOLIS--(BUSINESS WIRE)--Aug. 4, 2005--CNS, Inc. (Nasdaq:CNXS), the Breathe Right(R) company, today announced that it will host a live Webcast of its fiscal 2005 annual shareholders' meeting on Tuesday, August 30, 2005, at 11 a.m. CT. Marti Morfitt, CNS' president and chief executive officer, will recap results for the fiscal year ended March 31, 2005, and outline future plans.
Net income in fiscal 2005 rose 60 percent to $13.7 million, or $0.93 per fully diluted share, on record revenue of $94 million. Yesterday, CNS reported that net income for the 2006 first quarter grew 142 percent to $4.0 million, or $0.27 per fully diluted share. The company also raised its estimates for fiscal 2006 sales and earnings per share. For the current fiscal year ending March 31, 2006, CNS now anticipates sales will increase to between $106 million and $112 million, with fully diluted earnings per share in the range of $1.00 to $1.10.
