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LTX ANNOUNCES FINANCIAL RESULTS FOR SECOND QUARTER

 WESTWOOD, Mass., March 17 /PRNewswire/ -- LTX Corporation (NASDAQ: LTXX) today announced its financial results for the second quarter ended Jan. 31, 1993. Second quarter sales were $39,306,000 compared to sales of $37,177,000 in the same quarter of the prior year. The company reported a net loss of $(1,655,000) or (eight cents) per share compared to a net loss of $(5,830,000) or (29 cents) per share in the same quarter of the prior year.
 Graham Miller, LTX president, stated: "Although the company made further improvement in the second quarter, results were less than we had expected. This was because certain digital orders were delayed. The good news is that we have had a very strong start to our third quarter. This gives us more confidence that we will be able to return to profitability by the end of the fiscal year."
 LTX Corporation is a leader in the design, manufacture and marketing of computer-controlled equipment for testing linear, digital, mixed signal and discrete devices. The company offers multi-platform networking and information products for integrating the total production environment, from engineering through final test. Headquartered in Westwood, Mass., LTX has worldwide sales and service facilities to support its customer base.
 LTX CORPORATION
 CONSOLIDATED STATEMENT OF OPERATIONS
 (Unaudited, in thousands, except per share amounts)
 Three Months Ended Six Months Ended
 1/31/93 1/31/92 1/31/93 1/31/92
 Net sales $39,306 $37,177 $77,397 $74,183
 Cost of sales 25,308 25,778 51,027 54,465
 Gross profit 13,998 11,399 26,370 19,718
 Engineering and product
 development expenses 4,821 5,689 9,754 11,481
 Selling, general and
 administrative expenses 10,294 11,392 20,368 23,824
 Loss from operations (1,117) (5,682) (3,752)(15,587)
 Interest expense, net 985 831 1,939 1,607
 Loss before income taxes
 and minority interest (2,102) (6,513) (5,691)(17,194)
 Provisions for income taxes ---- ---- ---- ----
 Loss before
 minority interest (2,102) (6,513) (5,691)(17,194)
 Minority interest in net
 loss of subsidiary 447 683 1,207 1,478
 Net loss $(1,655) $(5,830) $(4,484)$(15,716)
 Primary and Fully diluted
 net loss per share $(0.08) ($0.29) $(0.22) $(0.79)
 Weighted average shares 20,114 19,817 20,104 19,806
 -0- 3/17/93
 /CONTACT: R. Scott Higgins of LTX, 617-461-1000/
 (LTXX)


CO: LTX Corporation ST: Massachusetts IN: CPR SU: ERN

DJ -- NE001 -- 6864 03/17/93 07:55 EST
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Publication:PR Newswire
Date:Mar 17, 1993
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