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DIGITAL BIOMETRICS ANNOUNCES FISCAL 1993 FOURTH QUARTER AND YEAR END OPERATING RESULTS

 MINNETONKA, Minn., Nov. 19 /PRNewswire/ -- Digital Biometrics, Inc. (NASDAQ: DBII), a Minnetonka-based manufacturer of "live-scan" electronic fingerprint systems, today announced operating results for the fourth quarter and fiscal year ended Sept. 30, 1993.
 Sales for the fourth quarter and year ended Sept. 30, 1993 were $1,207,865 and $4,603,821 compared with $1,004,504 and $3,039,564 in the same periods a year ago, an increase of 20 percent and 51 percent, respectively. Sales for the year ended Sept. 30, 1993, include deliveries of 15 TENPRINTER(R) systems to the Pennsylvania Chiefs of Police which were distributed throughout the State of Pennsylvania, as well as the first deliveries to Europe.
 Net losses for the fourth quarter and year ended Sept. 30, 1993, were $811,335 and $2,064,543 compared with $523,384 and $1,992,885 in the same periods a year ago. The net loss per common share was $.11 and $.32 for the fourth quarter and year ended Sept. 30, 1993, respectively, compared with $0.09 and $0.35 for the same periods a year ago.
 Fiscal 1993 expenditures for research and development and marketing exceed prior year costs by 69 percent and 28 percent, respectively. Research and development programs in the fourth quarter included finalization of a new 500 Series TENPRINTER system as well as product development related to the previously announced teaming agreement between the company and NEC. Marketing expenses reflect efforts in several international areas including Japan, Europe, the Middle East and South America, as well as new programs to increase market penetration in the United States.
 Jack A. Klingert, president and chief executive officer of Digital Biometrics, said, "Fiscal 1993 has been a successful year in terms of revenue growth at more than 50 percent with no single large order accounting for that growth, indicating wide spread acceptance of live- scan technology. Recently completed research and development programs will provide the foundation for fiscal 1994 and beyond. There are many opportunities in the fingerprint identification marketplace and the company is now well positioned, with an expanded product line, to pursue business prospects not previously available. In fiscal 1994 we will now focus on profitability as well as growth of the business."
 DIGITAL BIOMETRICS, INC.
 OPERATING RESULTS
 Three Months Ended Year Ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Sales $1,207,865 $1,004,504 $4,603,821 $3,039,564
 Cost of sales 722,809 644,197 2,631,860 1,867,077
 Gross margin 485,056 360,307 1,971,961 1,172,487
 Expenses:
 Marketing & sales 342,371 241,135 1,157,439 906,231
 Research & development 804,052 321,097 2,022,521 1,198,777
 Depreciation &
 amortization 40,545 31,175 143,310 113,383
 General & admin. 247,767 314,876 972,644 1,110,601
 Total expenses 1,434,735 908,283 4,295,914 3,328,992
 Loss from operations (949,679) (547,976)(2,323,953) (2,156,505)
 Interest income 139,506 29,255 261,897 179,901
 Interest expense (1,162) (4,663) (2,487) (16,281)
 Net loss $(811,335) $(523,384)$(2,064,543)$(1,992,885)
 Net loss per share $(0.11) $(0.09) $(0.32) $(0.35)
 Weighted average shares
 outstanding 7,379,914 5,697,780 6,440,341 5,685,917
 -0- 11/19/93
 /CONTACT: Donald E. Berg, vice president-finance of Digital Biometrics, 612-932-0888/
 (DBII)


CO: Digital Biometrics, Inc. ST: Minnesota IN: CPR SU: ERN

DB-AL -- MN009 -- 6594 11/19/93 14:28 EST
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Publication:PR Newswire
Date:Nov 19, 1993
Words:597
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