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DIGITAL BIOMETRICS ANNOUNCES SECOND QUARTER RESULTS

 DIGITAL BIOMETRICS ANNOUNCES SECOND QUARTER RESULTS
 MINNETONKA, Minn., April 30 /PRNewswire/ -- Digital Biometrics, Inc.


(NASDAQ: DBII), a Minnetonka-based manufacturer of inkless electronic fingerprint systems, today announced operating results for the second quarter and first six months of fiscal 1992.
 Sales for the three and six-month periods ended March 31, 1992, were $680,971 and $1,206,764 compared with $528,920 and $950,456 in the same periods a year ago, an increase for the six-month period of 27 percent.
 Net losses for the three and six-month periods ended March 31, 1992 were $402,590 and $927,954 compared with $360,846 and $688,269 in the same periods a year ago. The net loss per common share was $0.07 and $0.16 compared with a $0.08 and $0.17 for the same periods a year ago. The per-share amounts have been retroactively adjusted to reflect a 3-for-2 stock split effective July 26, 1991.
 The net losses for the three- and six-month periods ended March 31, 1992, reflect increased research and development costs and marketing expenses related to new and expanded product lines, including the previously announced squad car identification (SQUID)(TM) unit.
 Jack A. Klingert, president and chief executive officer of Digital Biometrics, said, "The market for live-scan fingerprint equipment is receiving increased support as major municipalities decide on using this technology to improve the booking and identification process. The company's TENPRINTER(R) systems are now installed in 17 states with Chicago, Philadelphia and Houston deciding on multiple TENPRINTER systems networked to central printing equipment at identification headquarters."
 DIGITAL BIOMETRICS RESULTS OF OPERATIONS
 Three Months Ended Six Months Ended
 3/31/92 3/31/91 3/31/92 3/31/91
 Sales $680,971 $528,920 $1,206,764 $950,456
 Cost of sales 386,740 318,408 699,515 559,228
 Gross margin 294,231 210,512 507,249 391,228
 Selling, general and
 administrative expenses:
 Marketing and sales 211,788 125,535 416,828 197,038
 Research and
 development 278,252 137,689 576,739 217,333
 Depreciation and
 amortization 25,686 10,347 49,396 19,449
 General and
 administrative 224,796 294,121 496,366 626,253
 Total expenses 740,522 567,692 1,539,329 1,060,073
 Loss from operations (446,291) (357,180) (1,032,080) (668,845)
 Interest income 47,773 13,432 112,100 20,045
 Interest expense (4,072) (17,098) (7,974) (39,469)
 Net loss $(402,590) $(360,846) $(927,954)$(688,269)
 Loss per common share
 and common share
 equivalents $(0.07) $(0.08) $(0.16) $(0.17)
 Weighted average common
 shares outstanding 5,687,047 4,515,199 5,675,697 4,046,593
 -0- 4/30/92
 /CONTACT: Donald E. Berg of Digital Biometrics, 612-932-0888/
 (DBII) CO: Digital Biometrics ST: Minnesota IN: SU: ERN


MA -- MN010 -- 4990 04/30/92 13:23 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 30, 1992
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