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DBA SYSTEMS REPORTS FOURTH QUARTER AND YEAR END RESULTS

 DBA SYSTEMS REPORTS FOURTH QUARTER AND YEAR END RESULTS
 MELBOURNE, Fla., Aug. 19 /PRNewswire/ -- DBA Systems, Inc. (NASDAQ: DBAS) announced today that revenues for the three month period ending June 30, 1992 were $9,798,000, up $1,612,000 or 19.7 percent from the $8,186,000 recorded in the comparable three-month period in the prior fiscal year. Operating income for the current three-month period was $750,000, or 7.7 percent of revenues during the current period as compared to $344,000 or 4.2 percent of revenues reported for the same quarter a year earlier.
 Revenues for the 12-month period ending June 30, 1992 were $38,570,000 up 15 percent from $33,517,000 recorded a year earlier. Operating income was $3,203,000 or 8.3 percent of revenues during the current year as compared to $2,301,000 or 6.9 percent of revenues in the prior fiscal year. Net income totaling $1,939,000 or $.68 per share primary or .61 per share fully diluted was recorded in the current year. This compared with a loss in the prior fiscal year of $953,000 or a loss of $.35 per share primary or a loss of $.04 per share fully diluted before an extraordinary gain of $4,186,000 or $1.53 per share primary or $1.19 per share fully diluted. The prior year extraordinary gain resulted from an exchange of the company's convertible debentures.
 DBA's backlog of uncompleted work on its existing contracts as of June 30, 1992 was approximately $26 million, up 13 percent compared to the approximately $23 million reported a year earlier.
 DBA SYSTEMS, INC.
 Three Months Ended 12 Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Revenues $9,798,000 $8,186,000 $38,570,000 $33,517,000
 Operating
 Income 750,000 344,000 3,203,000 2,301,000
 Net Income (Loss)
 Before
 Extraordinary
 Item 414,000 (392,000) 1,939,000 (953,000)
 Extraordinary
 Item -- 4,186,000 -- 4,186,000
 Net Income
 (Loss) $414,000 $3,794,000 $1,939,000 $ 3,233,000
 Earnings (loss)
 per Common and
 Common Equivalent
 Share:
 Income (Loss) Before
 Extraordinary
 Item $.14 $(.14) $.68 $(.35)
 Extraordinary
 Item -- 1.51 -- 1.53
 Net Income $.14 $1.37 $.68 $1.18
 Earnings (Loss) per
 Common Share Assuming
 Full Dilution:
 Income (Loss) Before
 Extraordinary
 Item $.14 $(.06) $.61 $(.04)
 Extraordinary
 Item -- 1.05 -- 1.19
 Net Income $.14 $ .99 $.61 $1.15
 Primary Weighted
 Shares 2,892,000 2,766,000 2,837,000 2,728,000
 -0- 8/19/92
 /CONTACT: John L. Slack, chairman of the board, president and CEO of DBA Systems, Inc., 407-727-0660, ext. 2535/
 (DBAS) CO: DBA Systems, Inc. ST: Florida IN: ARO SU: ERN


JB-AW -- FL005 -- 1343 08/19/92 12:44 EDT
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Publication:PR Newswire
Date:Aug 19, 1992
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