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AULT REPORTS RECORD 1992 RESULTS

 AULT REPORTS RECORD 1992 RESULTS
 MINNEAPOLIS, July 27 /PRNewswire/ -- Ault Incorporated


(NASDAQ: AULT) today reported record sales and earnings for the fiscal year ended May 31, 1992. Sales rose 19 percent to $23,311,000 in fiscal 1992 from $19,531,000 a year ago. Fiscal 1992 earnings totaled $646,000 or $.31 per share, compared to the net loss of $295,000 or $.15 per share in fiscal 1991.
 Frederick M. Green, Ault's president and chief executive officer, said the turnaround of nearly $950,000 on Ault's bottom line reflects enhanced management and strong sales of universal input switching power supplies. He said this new product line is continuing to generate a wide range of new customers involved with high-end power applications. Green said Ault's fiscal 1992 performance also benefited from the improved performance of its Ault Korea Corporation manufacturing subsidiary.
 The company ended fiscal 1992 with an order backlog of $8,977,000, compared to $8,462,000 at the end of the third quarter. Green said the strength of Ault's year-end backlog should make the first quarter of fiscal 1993 a period of improved sales and earnings.
 Ault Incorporated is the nation's largest independent manufacturer of external power supplies and battery chargers for high-end applications in the communications, computer and medical markets. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol AULT.
 AULT INCORPORATED AND SUBSIDIARY
 CONSOLIDATED STATEMENTS OF OPERATIONS
 Year Ended
 5/31/92 6/2/91 5/27/90
 Net sales $23,311,222 $19,531,357 $17,095,558
 Cost of goods sold 17,267,537 14,696,727 12,890,300
 Gross profit 6,043,685 4,834,630 4,205,258
 Operating expenses
 Marketing 2,154,385 2,068,704 2,043,641
 Design engineering 1,049,638 1,062,815 961,535
 General and administrative 1,961,027 1,922,427 1,408,633
 -- 5,165,050 5,053,946 4,413,809
 Operating income (loss) 878,635 (219,316) (208,551)
 Nonoperating income (expense)
 Interest income 73,009 21,630 88,493
 Interest expense (349,102) (90,428) (65,539)
 Loss on disposal of equipment (24,872) (5,303) (3,906)
 Other 67,850 (1,115) 21,858
 Income (loss) before income
 taxes 645,520 (294,532) (167,645)
 Income taxes -- -- --
 Net income (loss) $645,520 $(294,532) $(167,645)
 Net income (loss) per share $.31 $(.15) $(.09)
 Weighted average number of shares
 and common equivalent shares
 outstanding 2,093,391 1,975,376 1,963,976
 -0- 7/27/92
 /CONTACT: Carlos S. Montague of Ault, 612-493-1900/
 (AULT) CO: Ault Incorporated ST: Minnesota IN: SU: ERN


KH -- MN009 -- 3551 07/27/92 13:16 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Jul 27, 1992
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