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CROP GENETICS INTERNATIONAL REPORTS RESULTS FOR QUARTER ENDING JUNE 30, 1992

 CROP GENETICS INTERNATIONAL REPORTS RESULTS
 FOR QUARTER ENDING JUNE 30, 1992
 HANOVER, Md., Aug. 10 /PRNewswire/ -- Crop Genetics International (NASDAQ: CROP) today reported revenues of $786,800 for the quarter ended June 30, 1992, compared to $425,700 in the same quarter last year.
 Net loss was $1,296,200 or $.36 per share, compared to a net loss of $1,431,800 or $.44 per share in the same quarter of last year.
 For the first six months of 1992, revenues were $1,407,100 compared to $1,027,500 in the first six months of the previous year. For the first six months of 1992, net loss was $2,949,100 or $.79 per share, compared to a net loss of $2,877,500 or $.89 per share for the first six months of last year.
 On July 23, Crop Genetics International Corporation completed a public offering of 2.5 million shares of its common stock at a price of $4 per share. Alex. Brown & Sons Incorporated was managing underwriter of the offering.
 CROP GENETICS INTERNATIONAL CORPORATION
 (Unaudited)
 Periods ended Three months Six months
 June 30 1992 1991 1992 1991
 Revenues:
 Research revenue $437,500 --- $875,000 $100,000
 Investment income 305,500 425,700 468,200 926,900
 Other income 43,800 --- 63,900 600
 Total revenues 786,800 425,700 1,407,100 1,027,500
 Costs and expenses:
 Field management 118,000 120,800 235,000 216,600
 Research and
 development 1,619,600 1,450,900 3,273,100 2,985,000
 General and
 administrative 345,400 285,800 809,400 703,400
 Acquired technology --- --- 38,700 ---
 Total costs and
 expenses 2,083,000 1,857,500 4,356,200 3,905,000
 Net loss (1,296,200) (1,431,800) (2,949,100) (2,877,500)
 Preferred stock
 dividends 640,100 641,300 1,280,200 1,282,500
 Net loss applicable
 to common shares (1,936,300) (2,073,100) (4,229,300) (4,160,000)
 Net loss per common share ($.36) ($.44) ($.79) ($.89)
 Average number of
 common shares
 outstanding 5,386,046 4,685,497 5,324,906 4,685,497
 Balance Sheets
 June 30, 1992 Dec. 31, 1991
 (unaudited)
 Current assets:
 Cash and short-term investments $15,965,200 $19,378,600
 Other current assets 1,352,100 1,158,800
 Total current assets 17,317,300 20,537,400
 Fixed assets (net) 2,204,800 2,530,800
 Total assets $19,522,100 $23,068,200
 Current liabilities 796,000 451,800
 Common and preferred stockholders'
 equity 18,726,100 22,616,400
 Total liabilities and stockholders'
 equity $19,522,100 $23,068,200
 -0- 8/10/92
 /CONTACT: Mac McGuire of Crop Genetics International, 410-712-7170, or Noonan/Russo Communications, Inc., 212-979-9180/
 (CROP) CO: Crop Genetics International ST: Maryland IN: SU: ERN


CC-JS -- PH027 -- 8687 08/10/92 17:03 EDT
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Date:Aug 10, 1992
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