Bolt Technology reports second quarter earnings.

NORWALK, Conn.--(BUSINESS WIRE)--Feb. 6, 1995--Bolt Technology Corp. (OTC: BOLT) announced Monday the results of operations for the second quarter and first six months of fiscal 1995.

The company reported that revenues and net income during the three months ended Dec. 31, 1994 amounted to $1,595,000 and $180,000, respectively, compared to revenues of $1,632,000 and net income of $160,000 in last year's second quarter.

For the six months ended Dec. 31, 1994, revenues and net income amounted to $3,451,000 and $387,000, respectively, compared to revenues of $3,161,000 and net income of $535,000 during the corresponding six months last year. Last year's six months' net income included an extraordinary gain of $234,000 resulting from the settlement of debt.

BOLT TECHNOLOGY CORP.
FINANCIAL SUMMARY

                        Quarter ended           Six months ended
                           Dec. 31,                  Dec. 31,
                       1994       1993          1994        1993

Revenues           $1,595,000  $1,632,000    $3,451,000  $3,161,000
Net income            180,000     160,000       387,000     535,000(a)
Per share income   $     0.04  $     0.03    $     0.07  $     0.08
Average shares
  outstanding       4,971,000   6,260,000     5,330,000   6,353,000

(a) After an extraordinary gain of $234,000 from the settlement of

debt.

CONTACT: Bolt Technology Corp.

Raymond M. Soto, 203/853-0700