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MEDSTAT SYSTEMS ANNOUNCES RECORD SECOND-QUARTER RESULTS

 MEDSTAT SYSTEMS ANNOUNCES RECORD SECOND-QUARTER RESULTS
 ANN ARBOR, Mich., May 1 /PRNewswire/ -- MEDSTAT Systems, Inc.


(NASDAQ: MDST) today announced record sales and earnings for the second quarter and six months ended March 31, 1992. While these results include the February and March operating results of SysteMetrics which was acquired effective Jan. 31, 1992, the Company on a "stand alone" basis exceeded its target growth rates of 30 percent-40 percent operating income. Also, during the second quarter the company split its common stock two for one and all earnings per share data reflect the split.
 Revenues for the quarter ended March 31 rose 88 percent to $8,033,000 from $4,278,000 in the prior year second quarter. Operating income was up 52 percent to $983,000 from $647,000 in the same period a year ago. Net income increased 46 percent to $652,000 or 11 cents a share for the quarter, compared to $447,000 or 8 cents a share in the second quarter of 1991.
 For the six months ended March 31, revenues rose 69 percent to $13,700,000 from $8,087,000 for the prior year comparable six months. Operating income for the first half grew 50 percent to $1,834,000 from $1,220,000. Net income was up 45 percent to $1,240,000 or 21 cents a share from $857,000 or 15 cents a share.
 MEDSTAT Systems is a healthcare information company serving business, government, insurance and the healthcare industry with specialized medical databases, advanced software systems and custom research for controlling the costs and improving the quality of healthcare.
 MEDSTAT Systems, Inc.
 Statement of Income
 (In thousands of dollars, except per-share data)
 (Unaudited)
 Three Months Ended Six Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Revenues $8,033 $4,278 $13,700 $8,087
 Operating
 expenses 7,050 3,631 11,866 6,867
 Operating
 income 983 647 1,834 1,220
 Other income
 (expense):
 Interest income 39 64 112 140
 Interest expense (34) (32) (67) (61)
 Total
 other income 5 32 45 79
 Income before
 income tax 988 679 1,879 1,299
 Provision for
 income tax 336 232 639 442
 Net Income $ 652 $ 447 $ 1,240 $ 857
 Earnings per
 common and
 equivalent share $ 0.11 $ 0.08 $ 0.21 $ 0.15
 Weighted average
 number of common
 and equivalent
 shares
 outstanding 6,018,000 5,661,000 5,986,000 5,568,000
 -0- 5/1/92
 /CONTACT: Jennifer S. Ponski of MEDSTAT Systems, Inc., 313-996-1180; or Dixie Watterson, 708-564-5610, Bruce Marcus, 212-580-0703, Earle Brown, 813-796-1452, or Tim King, 213-541-4415, all of The Investor Relations Company, for MEDSTAT/
 (MDST) CO: MEDSTAT Systems, Inc. ST: Michigan IN: CPR SU: ERN


DH -- DE001 -- 5299 05/01/92 08:23 EDT
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Publication:PR Newswire
Date:May 1, 1992
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