AML Communications Inc. announces results for third quarter, fiscal 1997.

CAMARILLO, Calif.--(BUSINESS WIRE)--Jan. 21, 1997--AML Communications Inc. (NASDAQ:AMLJ) Tuesday announced its results from operations for the third fiscal quarter ended Dec. 31, 1996.

Revenues for the quarter increased 126 percent to $4,073,000, compared with revenues of $1,803,000 for the three-month period ended Dec. 31, 1995.

Net income for the third fiscal quarter jumped 143 percent to $729,000, or 11 cents per share, on 6,502,000 weighted average shares outstanding, as compared with net income of $300,000, or 6 cents per share, on 4,881,000 weighted average shares outstanding for the three-month period ended Dec. 31, 1995.

Revenues for the nine-month period ended Dec. 31, 1996, increased 166 percent to $11,631,000, compared with revenues of $4,380,000 for the same period a year ago.

Net income for the nine-month period jumped 181 percent to $2,074,000, or 32 cents per share, on 6,506,000 weighted average shares outstanding, as compared with net income of $739,000, or 16 cents per share, on 4,738,000 weighted average shares outstanding for the prior nine-month period.

Revenues for the quarter were derived primarily from sales of cellular and wireless telephony products generating approximately $3,279,000, or 80 percent of total revenue, and sales of new PCS products generating approximately $378,000, or 9 percent of total revenue, with the balance of revenues being realized from sales of custom products.

Jacob Inbar, chairman and chief executive officer of AML Communications, commented on the company's quarterly performance, saying: "While we observed changing market trends, we are very pleased with the company's performance and its continued revenue growth, particularly as it represents diversification into new markets and the introduction of new products in our established markets.

"During the third quarter, we realized several key achievements, including the introductory sales of our new M-140 multi-carrier amplifier, which we believe offers the highest power available to the cellular industry today.

"Additionally, the company sold its first Masthead PCS products. Many experts project the PCS market to represent a large new sector for the telecommunications industry. We strongly believe this offers significant future opportunities for AML."

AML Communications designs, manufactures and markets multi-carrier amplifiers, masthead amplifiers and repeaters for the cellular, PCS, paging and other communications markets. -0- Note: Statements in this news release that relate to future plans, financial results or projections, events or performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Act of 1934, as amended. Actual results may differ materially due to a variety of factors. Information about certain of these factors is contained in the company's most recently filed Form 10-KSB and other documents filed by the company with the Securities and Exchange Commission. Copies of the most recent Form 10-KSB report are available from AML Communications' Investor Relations department and may be obtained by calling or writing. -0-

                       AML Communications Inc.
                   Selected Financial Information
                             (Unaudited)

Operations Data:

                     For the Three Months       For the Nine Months
                      ended Dec. 31:               ended Dec. 31:
                     1996         1995           1996         1995
Net sales        $4,073,000   $1,803,000     $11,631,000  $4,380,000
Income before
 taxes            1,158,000      495,000       3,292,000   1,226,000
Provision for
 income taxes       429,000      195,000       1,218,000     487,000
Net income       $  729,000   $  300,000     $ 2,074,000  $  739,000
Earnings per
 share                $0.11        $0.06           $0.32       $0.16
Weighted average
 common shares
 outstanding      6,502,000    4,881,000       6,506,000   4,738,000
-0-

Balance Sheet Data:
                                              (Audited)
                              Dec. 31,         March 31,
                                1996             1996

Cash and equivalents         $ 6,635,000    $ 6,312,000
Accounts receivable, net       3,400,000      1,549,000
Current assets                11,803,000     10,506,000
Total assets                 $14,195,000    $11,645,000

Current liabilities          $ 1,683,000    $ 1,876,000
Capital lease obligations,
 long-term                        72,000        360,000
Shareholders' equity          12,440,000      9,409,000
Total liabilities and
 Shareholder equity          $14,195,000    $11,645,000

-0- Note to editors: All share and per-share data have been adjusted to give retroactive effect to the 3-for-2 stock split paid on June 28, 1996.

CONTACT: AML Communications Inc., Camarillo

Kirk A. Waldron, 805/388-1345

or

Coffin Communications Group, Sherman Oaks, Calif.

Steven B. Johnson, 818/789-0100