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CYBEX REPORTS RECORD SECOND QUARTER RESULTS.


Products Corporation (Nasdaq/NM:CBXC) today reported record sales and net income for the second fiscal quarter and six months ended September September: see month.  30, 1995.

"Cybex's sales advanced 41% to $6.0 million and net income rose 86% to $1.2 million compared with the second fiscal quarter of 1995," stated Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and  F. Thornton Thornton, city (1990 pop. 55,031), Adams co., NE Colo., a residential and industrial suburb of Denver; inc. 1956. Industries include oil and gas development and the production of computer graphics systems, wood products, coffee and tea, building components, infant , president and chief executive of Cybex Computer Products Corporation. "Our record results were due to strong sales of our proprietary KVM switch (1) See also KVM.

(2) (Keyboard Video Mouse switch) A device used to connect a keyboard, mouse and monitor to two or more computers. KVM switches are used to save space on a desktop when multiple computers are used by one user.
 products, a doubling in international sales, and an improvement in operating margins Operating Margin

A ratio used to measure a company's pricing strategy and operating efficiency.

Calculated by:
 compared with last year."

Net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 for the second fiscal quarter of 1996 rose to $6.0 million compared with $4.3 million in the second quarter a year ago. Sales of KVM switch products advanced 59% to $4.7 million, or 79% of revenues in the second fiscal quarter of 1995. International sales rose 101% to $1.2 million, or 19.4% of revenues. The Company's KVM (K Virtual Machine) A version of the Java Virtual Machine for small devices with limited memory. See J2ME. See also KVM switch.

KVM - Keyboard Video Mouse
 extension product sales totaled $1.0 million, a 6% decline from the second quarter of the prior year.

Net income for the second fiscal quarter of 1996 increased to $1,151,000, or $0.22 per share, on 5.2 million average shares outstanding. This compares to net income of $620,000, or $0.17 per share, on 3.8 million pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts.

The phrase pro forma
 average shares outstanding for the second quarter of fiscal 1995. On a historical basis, net income in the second quarter of last year was $0.19 per share. The increase in average weighted shares outstanding since last year was due primarily to the Company's sale of 2.1 million shares in an initial public stock offering completed in July 1995.

"Our sales accelerated in the second quarter resulting from significant growth in our KVM switch products and international sales," continued Mr. Thornton. "Cybex's profitability was also up substantially as a result of improved manufacturing costs, an improvement in product mix and our higher revenue base compared with last year. Our pre-tax income also benefited from $331,000 in interest income arising from the $32.7 million in net proceeds Net Proceeds

The amount received after all costs are deducted from the sale of a piece of property or security.

Notes:
In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions).
 raised in our initial public offering."

For the six months ended September 30, 1995, net income increased 65% to $2,024,000, or $0.45 per share, on 4.5 million average shares outstanding, compared with $1,230,000, or $0.33 per share, on 3.8 million pro forma average shares outstanding for the six-month period ended September 30, 1994. Net sales for the six months ended September 30, 1995, were $11,654,000 compared with $8,550,000 in the year-earlier period.

"We introduced five new products at the close of the quarter which will expand both the size and type of PC networks that will be able to incorporate the cost savings of our KVM switches and extensions. The new products include major additions to our AutoBoot(TM) Commander 4xP(TM) and 1xP and a new line of extension products that uses a common type of network cabling rather than proprietary cabling. We are committed to expanding our research and development efforts to support new products, and we are excited about future market opportunities," concluded Mr. Thornton.

Cybex provides connectivity solutions in support of PC, SUN and Macintosh computing platforms See platform. . The Company's principal products include KVM (keyboard/video monitor/mouse) switching systems Switching systems (communications)

The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station.
, peripheral extension and expansion products and phone activated activated

a state of being more than usually active. In biological systems this is usually brought about by chemical or electrical means. Commonly said of pharmaceutical and chemical products.
 power control systems.

-0-
               CYBEX COMPUTER PRODUCTS CORPORATION
                 Unaudited Financial Highlights
          (Dollars in thousands, except per share data)


                      Three Months Ended      Six Months Ended
                         September 30,          September 30,
                       1995        1994       1995        1994
Net sales            $  6,001    $  4,269   $ 11,654    $  8,550
Operating profit     $  1,393    $    940   $  2,742    $  1,865
Net income           $  1,151    $    620   $  2,024    $  1,231


Fully diluted
 earnings per share  $    .22    $    .19   $    .45    $    .37


Fully diluted shares
 outstanding            5,227       3,312      4,482       3,312


Pro forma earnings
 per share           $      -    $    .17   $      -    $    .33


Pro forma shares
 outstanding(a)             -       3,756          -       3,757


(a) The calculation of pro forma shares assumes a stock price of
    $17 per share when calculating the weighted average common and
    common equivalent shares outstanding under the treasury stock
    method.


CONTACT: CYBEX Computer Products Corp., Huntsville

Stephen F. Thornton, 205/430-4000
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 23, 1995
Words:699
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