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CABOT MEDICAL ANNOUNCES YEAR END RESULTS

 LANGHORNE, Pa., Dec. 22 /PRNewswire/ -- Cabot Medical Corporation (NASDAQ-NMS: CBOT) today released preliminary financial information on its fiscal year ended Oct. 31, 1992.
 Sales for the full year were up 35 percent, from $40.7 million in 1991 to $55 million in 1992. Earnings for the year decreased from $2.7 million or $.35 per share in 1991 to a loss of $2.2 million or $.29 per share.
 Commenting on the year end results, Warren Wood, chairman and chief executive officer, stated, "The loss we sustained during the year was entirely due to the acquisition of the Surgitek unit of Bristol-Myers Squibb Company and the associated restructuring charges which we absorbed in the third and fourth quarters of fiscal 1992. We expect to return to profitability in the first quarter of 1993 and maintain this trend throughout the year. Our core business in less invasive medical devices continues to do well and the acquisition of Surgitek, with its urological products, will enhance our capabilities in this field."
 Cabot Medical Corporation designs, develops, manufactures and markets a variety of medical devices and systems for less invasive general, gynecological and urological surgical and diagnostic procedures.
 CABOT MEDICAL CORPORATION
 Condensed Statement of Earnings
 Fiscal year ended Oct. 31 1992 1991
 Net Sales $54,998,000 $40,661,000
 Net Income (2,193,000) 2,725,000
 Earnings per Common Share and
 Common Share Equivalents:
 Primary $(.29) $.35
 Fully Diluted (.29) .35
 Weighted average number of Common Shares
 and Common Share Equivalents:
 Primary 7,595,494 7,881,297
 Fully Diluted 7,595,494 7,890,342
 /delval/
 -0- 12/22/92
 /CONTACT: Marvin Sharfstein of Cabot Medical, 215-752-8300/
 (CBOT BMY)


CO: Cabot Medical Corporation; Bristol-Myers Squibb Company ST: Pennsylvania IN: MTC SU: ERN

MP -- PH027 -- 9253 12/22/92 16:01 EST
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Publication:PR Newswire
Date:Dec 22, 1992
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