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INSIGNIA SYSTEMS, INC. REPORTS RECORD REVENUES AND THIRD QUARTER PROFIT

 MINNEAPOLIS, Oct. 22 /PRNewswire/ -- Insignia Systems, Inc. (NASDAQ: ISIG) today reported net sales of $3,643,147 for the third quarter ended Sept. 30, 1993, an increase of 28 percent, compared to net sales of $2,855,990 for the third quarter of 1992. Net income for the third quarter of 1993 was $129,257, or $.02 per share, compared to net income of $159,004, or $.03 per share for the third quarter of 1992.
 For the nine months ended Sept. 30, 1993, net sales were $10,499,834, an increase of 30 percent compared to sales of $8,077,136 for the first nine months of 1992. Net income for the first nine months of 1993 was $278,323, or $.05 per share, compared to net income of $314,421, or $.06 per share, for the same period of 1992.
 G.L. Hoffman, president and CEO of Insignia, stated, "The record revenues for the third quarter of 1993 represent our 12th consecutive quarter of increased revenues. We were able to generate positive earnings while investing heavily in our core business, as well as future product opportunities. During the third quarter, we continued the roll- out of Stylus(TM), our PC-based software sign and label system with the beta testing of a headquarters version. Introduction of this headquarters version is planned during the fourth quarter. We also continue to invest in people to sell and support our new products, as we position these products for aggressive growth in 1994. We continue to balance our desire for increasingly positive shorter term results with our longer term goal of becoming a large, highly profitable company."
 Insignia Systems, Inc. develops and markets sign making systems and related products to the retail industry.
 INSIGNIA SYSTEMS, INC.
 RESULTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Nine Months Ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Net sales $3,643,147 $2,855,990 $10,499,834 $8,077,136
 Costs and expenses 3,544,082 2,741,073 10,326,798 7,891,340
 Net income $129,257 $159,004 $278,323 $314,421
 Net income per share $.02 $.03 $.05 $.06
 Weighted average shares
 and share equivalents
 outstanding 5,224,635 5,290,031 5,267,599 5,332,462
 -0- 10/22/93
 /CONTACT: Ron McClurg, chief financial officer, of Insignia Systems, 612-930-8215/
 (ISIG)


CO: Insignia Systems, Inc. ST: Minnesota IN: SU: ERN

CP-AL -- MN016 -- 5776 10/22/93 13:46 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
Words:414
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