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INFRASONICS ANNOUNCES RESULTS FOR FISCAL YEAR 1993

 SAN DIEGO, Aug. 4 /PRNewswire/ -- Infrasonics (NASDAQ: IFRA) announced today that sales increased 24.3 percent to $18,689,200 for the year ended June 30, 1993, compared to $15,036,700 for the same period in 1992. Net after-tax profit for the year ended was $1,291,200, or $0.13 per share, compared to $1,812,500, or $0.19 per share, in 1992.
 Jim Hitchin, Infrasonics' president, said, "Our sales increase is again above the industry average, but the increase did not keep pace with previous sales gains. We believe the continuing uncertainty over the economy and the direction of health care reform, and the probable impact on purchasing practices are the principal factors accounting for the slowdown in the rate of sales growth.
 "The reduction in profits this year is principally due to substantially increased expenses incurred in the fourth quarter, reflecting actions taken in response to greater regulatory compliance activities, including the reconfiguration of some of the company's manufacturing facilities, products and practices to meet FDA requirements. A recent FDA inspection resulted in no comments from the inspector, which leads us to believe that our compliance efforts have been effective.
 "In spite of the challenging economy and the changing regulatory environment, we remain in an extremely strong financial position with more than $6.5 million in cash, no long-term debt, a current ratio greater than 12 to 1 and working capital of more than $17 million. Infrasonics now has the broadest range of ventilators of any company in our industry. Many of these products are relatively new on the market and should now begin to contribute to our sales growth."
 Infrasonics is a public company with its common shares traded nationally, over the counter, under the NASDAQ symbol IFRA. The company manufactures infant incubators, ventilators (respirators) for infants, children and adults, as well as other respiratory care products for use in hospitals and the home.
 -0- 8/4/93
 /CONTACT: Jim Hitchin president of Infrasonics, 619-450-9898, ext. 313/
 (IFRA)


CO: Infrasonics Inc. ST: California IN: HEA SU: ERN

MF-LM -- SD002 -- 9182 08/04/93 08:06 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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