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MEDAMICUS, INC. ANNOUNCES SECOND QUARTER RESULTS

 MINNEAPOLIS, Aug. 10 /PRNewswire/ -- MedAmicus, Inc. (NASDAQ: MEDM) today announced its second quarter and six month results through June 30, 1993 as follows:
 Three Months Ended Change Percent
 6/30/93 6/30/92 Change
 Sales $349,539 $659,569 $(310,030) (47.0)
 Net (loss) $(425,661) $(165,264) (260,397) (157.6)
 Net (loss) per share $(.16) $(.06) (.10) --
 Weighted average shares
 and share equivalents
 outstanding 2,610,371 2,590,208 -- --
 Six Months Ended Change Percent
 6/30/93 6/30/92 Change
 Sales $739,218 $1,228,434 $(489,216) (39.8)
 Net (loss) $(824,974) $(260,725) (564,249) (216.4)
 Net (loss) per share $(.31) $(.10) (.21) --
 Weighted average shares
 and share equivalents
 outstanding 2,620,003 2,590,208 -- --
 The company stated that sales of its proprietary vessel introducer during the first six months of 1993 were significantly lower than the previous year because of a temporary build-up in inventory by its two major customers. Orders for the vessel introducer have resumed, and the company expects quarter-to-quarter sales comparisons for the second six months of 1993 to be substantially more favorable.
 MedAmicus, Inc. is Plymouth, Minn.-based medical products company engaged in the design, development, manufacture and marketing of disposable vascular access and pressure monitoring devices.
 -0- 8/10/93
 /CONTACT: James Hartman of MedAmicus, 612-559-2613/
 (MEDM)


CO: MedAmicus, Inc. ST: Minnesota IN: MTC SU: ERN

AL -- MN004 -- 1104 08/10/93 10:05 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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