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GENUS POSTS 1991 YEAR END RESULTS

 GENUS POSTS 1991 YEAR END RESULTS
 MOUNTAIN VIEW, Calif., Jan. 20 /PRNewswire/ -- Genus Inc.


(NASDAQ: GGNS) today announced financial results for its fourth quarter and year ended Dec. 31, 1991.
 Net sales for the fourth quarter of 1991 were $11.4 million, down 15 percent from net sales for the fourth quarter 1990. Net loss for the fourth quarter of 1991 was $1.1 million, for a net loss per share of $0.09 compared to a net loss of $2.5 million and a net loss per share of $0.22 for the fourth quarter of 1990.
 Net sales for 1991 were $51.5 million, net loss was $4.0 million and net loss per share was $0.35. These results compare to net sales of $54.0 million, net loss of $13.0 million and net loss per share of $1.16 for 1990.
 William W. R. Elder, Genus chairman and CEO, stated, "Our financial results for the fourth quarter of 1991 and for fiscal year 1991 are in line with projections. Genus' bookings during the last quarter were strong. However, we remain cautious in our business outlook for the next six months due to the effect of the continuing recession on capital spending."
 Richard D. Hannigan, executive vice president and chief financial officer of the company, said, "Genus' balance sheet remains strong. We continue to exercise tight control over our expenses, and as a result, our cash balance was steady at $22.2 million from the third quarter and increased in excess of $6.0 million from the prior year- end."
 Elder added, "Genus introduced a new system, the G1510, for high energy ion implantation at Semicon Japan this past December. We also entered into a joint development project with SEMATECH to develop a titanium nitride film process for our 6000 chemical vapor deposition (CVD) system."
 Genus Inc. is an industry leader in the manufacture of front end production equipment for tungsten chemical vapor deposition and high energy ion implantation. Genus' products are used in the fabrication of advanced semiconductor devices by major semiconductor manufacturers around the world.
 GENUS INC.
 Condensed Consolidated Statements of Operations
 (Amounts in thousands, except per share data)
 3 Months Ended 12 Months Ended
 Dec. 31, Dec. 31,
 (unaudited)
 1991 1990 1991 1990
 Net sales $11,430 $13,469 $51,529 $53,973
 Costs and expenses:
 Cost of goods sold 6,839 8,243 30,752 33,650
 Research and development 2,330 2,685 9,729 11,848
 Selling, general and
 administrative 3,741 4,722 16,179 21,805
 Special charge -- -- -- 2,000
 Loss from operations (1,480) (2,181) (5,131) (15,330)
 Other income, net 416 88 1,150 940
 Loss before income taxes (1,064) (2,093) (3,981) (14,390)
 Provision for (benefit from)
 income taxes -- 416 -- (1,400)
 Net loss ($1,064) ($2,509) ($3,981) ($12,990)
 Net loss per share ($0.09) ($0.22) ($0.35) ($1.16)
 Shares used in per share
 calculations 11,560 11,200 11,400 11,160
 GENUS INC.
 Condensed Consolidated Balance Sheets
 (Amounts in thousands)
 Years Ended
 Dec. 31,
 1991 1990
 Assets
 Cash and marketable securities $22,169 $15,657
 Accounts receivable, net 14,279 16,960
 Inventories 11,754 15,943
 Other current assets 1,366 1,856
 Total current assets 49,568 50,416
 Property and equipment, net 8,441 10,480
 Other assets 2,948 3,861
 Total assets $60,957 $64,757
 Liabilities and shareholders' equity
 Total current liabilities 6,399 6,659
 Long-term debt 168 204
 Shareholders' equity 54,390 57,894
 Total liabilities and shareholders'
 equity $60,957 $64,757
 -0- 1/20/92
 /CONTACT: William W. R. Elder or Richard D. Hannigan of Genus Inc., 415-960-1120/
 (GGNS) CO: Genus, Inc. ST: California IN: CPR SU: ERN


DG -- SF005 -- 1483 01/20/92 15:05 EST
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Date:Jan 20, 1992
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