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LTX CORPORATION ANNOUNCES SECOND QUARTER EARNINGS

 LTX CORPORATION ANNOUNCES SECOND QUARTER EARNINGS
 WESTWOOD, Mass., March 5 /PRNewswire/ -- LTX Corporation


(NASDAQ: LTXX), today announced its financial results for the second quarter ended Jan. 31, 1992. Second quarter sales were $37,177,000 compared to sales of $48,264,000 in the same quarter of the prior year. The company reported a net loss of $(5,830,000) or (29 cents) per share compared to net income of $1,480,000 or 12 cents per share in the same quarter of the prior year.
 Graham Miller, LTX president, stated, "Business conditions remained slow and as a result our second quarter shipments were flat relative to the first quarter. However, with some competitive wins, order rates improved, and we are hopeful that this trend will continue in the second half."
 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 their expanding customer base.
 LTX CORPORATION
 Unaudited Consolidated Statement of Operations
 (In thousands, except per share amounts)
 Three Months Ended Six Months Ended
 1/31/92 1/31/91 1/31/92 1/31/91
 Net sales $37,177 $48,264 $74,183 $94,472
 Cost of sales 25,778 28,677 54,465 56,316
 Gross profit 11,399 19,587 19,718 38,156
 Engineering & product
 development expenses 5,689 5,400 11,481 10,540
 Selling, general &
 adminstrative expenses 11,392 11,011 23,824 21,480
 Income (loss) from
 operations (5,682) 3,176 (15,587) 6,136
 Interest expense, net 831 1,691 1,607 3,269
 Income (loss) before income
 taxes, minority interest (6,513) 1,485 (17,194) 2,867
 Provision for income taxes --- 240 --- 424
 Income (loss) before
 minority interest (6,513) 1,245 (17,194) 2,443
 Minority interest in net
 loss of subsidiary 683 235 1,478 235
 Net income (loss) ($5,830) $1,480 ($15,716) $2,678
 Net income (loss) per
 share:
 Primary (29 cents) 12 cents (79 cents) 22 cents
 Fully diluted (29 cents) 10 cents (79 cents) 18 cents
 Weighted avg. shares:
 Primary 19,817 12,410 19,806 12,312
 Fully diluted 19,817 21,699 19,806 21,693
 -0- 3/4/92
 /CONTACT: R. Scott Higgins of LTX, 617-461-1000/
 (LTXX) CO: LTX Corporation ST: Massachusetts IN: CPR SU: ERN


EG-DD -- NE003 -- 5339 03/05/92 09:54 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Mar 5, 1992
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