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DATA RACE ANNOUNCES RECORD FINANCIAL RESULTS

 DATA RACE ANNOUNCES RECORD FINANCIAL RESULTS
 SAN ANTONIO, Texas, Oct. 22 /PRNewswire/ -- Data Race (NASDAQ: RACE)


has recorded record revenue and net income for its first quarter of fiscal year 1993. Revenue for the three months ending Sept. 30, 1992, was $9,453,925, 139 percent higher than the prior year's first quarter and 21 percent above the fourth quarter of fiscal year 1992. Net income for the period of $1,067,451 was 124 percent above the prior year's first quarter and 15 percent above the previous fourth quarter.
 Stated Herb Hensley, president and CEO, "Our strong revenue increase is the result of continued growth in the markets that Data Race serves. Compared to the prior year first quarter, we experienced a 187 percent increase in revenue of data/FAX modems for portable computers and a 60 percent increase in our multimedia statistical multiplexer product line."
 Rapid growth in the company's data/FAX modem products lead to a decline in overall gross margins to 39 percent compared to 45 percent achieved in the first quarter of fiscal year 1992. Gross margins decreased slightly compared to the 40 percent achieved in the fourth quarter.
 Operating income for the first quarter of fiscal 1993 of $1,655,176 was 18 percent of revenue compared to 19 percent and 18 percent for the first and fourth quarters of fiscal 1992 respectively. Earnings per share of $0.31 were recorded for the quarter compared to $0.15 and $0.27 for the first and fourth quarters of fiscal year 1992 respectively. Weighted average shares of 3,415,000 were outstanding for the first quarter of fiscal 1993 compared to 3,223,000 and 3,404,000 outstanding for the first and fourth quarters of fiscal year 1992.
 On Oct. 7, 1992, the company issued 1,350,000 additional shares of common stock in an initial public offering. The company raised approximately $16 million with this offering for future expansion. The additional shares that the company raised were not included in the earnings per share calculation for the quarter ending Sept. 30, 1992.
 About Data Race
 Data Race is a publicly held company and a leading manufacturer of high performance data communication products for portable computers. DATA RACE is also a leading provider of data/voice/FAX multiplexers which integrate data, voice and FAXs over a single link between the headquarters of an enterprise and its remote offices.
 -0- 10/22/92
 /CONTACT: Herb Hensley or Steve Riebel, both of Data Race, 512-558-1900; or Alan Weinkrantz for Data Race, 512-820-3070 or MCI Mail/
 (RACE) CO: Data Race ST: Texas IN: CPR SU: ERN


MA -- NY043 -- 3399 10/22/92 10:04 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Oct 22, 1992
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