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INTERPHASE REPORTS RECORD REVENUE FOR THE THIRD QUARTER OF FISCAL 1992

INTERPHASE REPORTS RECORD REVENUE FOR THE THIRD QUARTER OF FISCAL 1992
 DALLAS, Aug. 20 /PRNewswire/ -- Interphase Corporation (NASDAQ-NMS: INPH) today announced record revenues of $12,429,515 for the third quarter of fiscal 1992, ending July 31, 1992. Revenues were up significantly from $11,042,562 for the previous quarter and $10,923,433 reported for the third quarter last year. Revenues for the first nine months of fiscal 1992 increased to $32,738,402, compared to $30,176,704 for the same period last year.
 The company reported a quarterly net profit of $547,853 or $0.12 per share for the third quarter as compared to a net profit of $690,303 or $0.15 per share for the second quarter of 1992 and a net profit of $1,163,671 or $0.26 per share for the third quarter of fiscal 1991. The company's net profit for the first nine months of fiscal 1992 was $1,323,753 or $0.29 per share, as compared to a net profit of $2,416,867 or $0.63 per share for the first nine months of fiscal 1991.
 "Many positive factors contributed to this record quarter," said Michael E. Cope, Interphase president and CEO. "Those include a significant increase in sales to Sun server users, and continued demand for our high performance networking controllers. In addition, we have maintained our leadership in FDDI networking and SCSI-2 mass storage interfaces. We expect steady growth in those segments to continue.
 "We had strong results despite a sluggish European market, which will likely continue through the end of the fiscal year. U.S. market sales are up significantly. As anticipated earlier, higher than normal R&D investment is impacting earnings for the short term. However, our overall position is strong, and we believe stockholders will see positive results as R&D pays off in new networking and internetworking products in fiscal 1993."
 Interphase Corporation, based in Dallas, Texas, is a leading supplier of high performance networking solutions and mass storage controllers for open systems. The company sells to computer OEMs, systems integrators, Value Added Resellers, and end users through a worldwide sales and service network.
 INTERPHASE CORPORATION
 Condensed Consolidated Statements of Income
 Periods ended Three months Nine months
 July 31, 1992 1991 1992 1991
 Revenues $12,429,515 $10,923,433 $32,738,402 $30,176,704
 Pretax Income 868,853 1,736,671 2,101,753 3,606,867
 Net Income 547,853 1,163,671 1,323,753 2,416,867
 Net Income per
 common & common
 equivalent share $ 0.12 $ 0.26 $ 0.29 $ 0.63
 Wtd. avg. common
 & common equivalent
 shares 4,561,251 4,514,426 4,591,142 3,816,864
 -0- 8/20/92
 /CONTACT: Jim May of Interphase, 214-919-9000/
 (INPH) CO: Interphase Corporation ST: Texas IN: CPR SU: ERN


SH -- NY025 -- 1650 08/20/92 10:52 EDT
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Publication:PR Newswire
Date:Aug 20, 1992
Words:483
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