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APPLIED SPECTRUM TECHNOLOGIES REPORTS FOURTH QUARTER AND FISCAL 1992 YEAR-END RESULTS

 MINNEAPOLIS, Dec. 29 /PRNewswire/ -- Applied Spectrum Technologies, Inc. (NASDAQ: ASTI) today announced that total revenues for the 1992 fourth quarter were $479,000, compared with $757,000 for the year- earlier period. The company reported a net profit for the fourth quarter ended Sept. 30, 1992, of $10,000, or $.01 per share, compared with a net profit of $42,000, or $.02 per share, during the fiscal 1991 fourth quarter.
 For the fiscal year ended September 30, 1992, revenues were $2,000,000, compared with $2,829,000 in the comparable 1991 period. Net loss for the fiscal year 1992 was $211,000, or $.11 per share, versus a net loss of $107,000, or $.05 per share, in 1991.
 James Szeliga, president, said, "The decrease in 1992 revenues was primarily attributable to decreases in OEM customer revenue."
 Applied Spectrum Technologies, Inc., headquartered in Minneapolis, designs, manufactures, markets and services digital business communication systems.
 APPLIED
 SPECTRUM TECHNOLOGIES, INC.
 CONDENSED STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Twelve Months Ended
 September 30, September 30,
 1992 1991 1992 1991
 Revenues $479,000 $757,000 $2,000,000 $2,829,000
 Net Profit (loss) 10,000 42,000 (221,000) (107,000)
 Net Profit (loss)
 per share $.01 $.02 $(.11) $(.05)
 Weighted average
 number of shares
 outstanding 1,996,064 1,996,064 1,996,064 1,996,064
 -0- 12/29/92
 /CONTACT: Melissa Quinn of Padilla Speer Beardsley Inc., 612-871- 8877, for Applied Spectrum Technologies; or Edward F. Mackay of Applied Spectrum Technologies, 612-379-7114/
 (ASTI)


CO: Applied Spectrum Technologies, Inc. ST: Minnesota IN: SU: ERN

AL -- MN002 -- 0266 12/29/92 09:28 EST
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Publication:PR Newswire
Date:Dec 29, 1992
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