This is a summary of 1984 year results:
1. Reported revenues in every of the 4 quarters
2. Sales increase 24% (mining equipment up over 60%)
3. Increased substantial recent equity capital to liquidate restructured debt through a public offering of debentures and common stock.
4. Raise in unshipped Backlog and Bookings of recent orders
5. At the beginning of 1985: Analyst sent buy recommendation
In 1984, tax credits completely compensate any federal income tax other way relevant to the year's income. Besides in 1983 and 1982, the relation between the tax benefit and the pre-tax loss was too different from the U.S. statutory tax rate mainly because of losses from the domestic operations for which only a part of the federal tax benefit was available