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LOJACK REPORTS RECORD REVENUES FOR FOURTH QUARTER AND FISCAL 1992; IN LINE WITH PREVIOUSLY STATED ESTIMATES

 LOJACK REPORTS RECORD REVENUES FOR FOURTH QUARTER AND FISCAL 1992;
 IN LINE WITH PREVIOUSLY STATED ESTIMATES
 NEEDHAM, Mass., April 10 /PRNewswire/ -- LoJack Corp. (NASDAQ: LOJN) announced today that revenues for the fourth quarter ended Feb. 29, 1992 (fiscal 1992), were $4,300,167, compared to $3,384,431 a year ago, an increase of 27 percent.
 The net loss decreased by 30 percent, to $998,606, or $.08 per share, from $1,420,393, or $.12 per share a year ago. Operating losses before depreciation and amortization were reduced by 45 percent, to $421,358 in the fourth quarter of fiscal 1992 from $760,218 a year ago.
 For the year ended Feb. 29, 1992, revenues increased by 25 percent to $17,535,402 from $14,056,166 a year earlier. The operating loss before depreciation and amortization improved by approximately $2,883,250, or 66 percent, to $1,457,721 from $4,340,971 a year ago. The net loss for the fiscal year decreased to $4,637,684, or $.38 per share, from $6,260,080, or $.53 per share a year ago.
 These results are consistent with estimates previously reported by the company on March 25, 1992.
 LOJACK CORPORATION
 Financial Information
 Periods ended Three months Year
 2/29/92 2/28/91 2/29/92 2/28/91
 Revenues $4,300,167 $3,384,431 $17,535,402 $14,056,166
 Operating loss
 before depreciation
 and amortization (421,358) (760,218) (1,457,721) (4,340,971)
 Operating loss (872,663) (1,061,165) (3,313,749) (5,340,103)
 Net loss (998,606) (1,420,393) (4,637,684) (6,260,080)
 Per share $(.08) $(.12) $(.38) $(.53)
 Shares outstanding,
 weighted 12,764,088 11,969,639 12,201,896 11,894,518
 -0- 4/10/92
 /CONTACT: Joseph F. Abely, senior vice president of LoJack, 617-444-4900, or John Swanson of Swanson Communications, 212-683-4890, for LoJack/
 (LOJN) CO: LoJack Corporation ST: Massachusetts IN: SU: ERN


CK-OS -- NY033 -- 7216 04/10/92 12:09 EDT
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Publication:PR Newswire
Date:Apr 10, 1992
Words:338
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