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MESA MEDICAL REPORTS INCREASED SECOND QUARTER SALES AND EARNINGS

 MESA MEDICAL REPORTS INCREASED SECOND QUARTER SALES AND EARNINGS
 WHEAT RIDGE, Colo., Oct. 20 /PRNewswire/ -- Mesa Medical Inc. (NASDAQ: MSMD) today reported higher sales and earnings for the second fiscal quarter and six months ended Sept. 30, 1992.
 For the first six months of fiscal 1993, net sales increased 17 percent to $2,011,000 from $1,725,000 in the like period last year. Net income for the period rose 20 percent to $376,000 or 9 cents per share from $314,000 or 7 cents per share last year.
 During the fiscal second quarter, net sales rose 17 percent to $980,000 from $835,000 in the like quarter last year. Net income for the quarter rose 11 percent to $165,000 or 4 cents per share compared to $148,000 or 3 cents per share last year. In the second quarter, acquisition evaluation expenditures increased significantly, and it is not currently anticipated that this level of expenditures will recur in the second half of fiscal 1993.
 Luke Schmieder, president, stated that the company has received a positive response to its new DATATRACE Flatpack Tracer. Several of the new applications for which customers are purchasing product, require new probe configurations and will be shipped in the fiscal third quarter. Schmieder also stated that the company is continuing its evaluation of acquisition candidates, and he remains optimistic for a positive outcome to this effort.
 Mesa Medical develops, acquires, manufactures and markets temperature sensor products for industrial, pharmaceutical and food processing applications and medical products used in kidney dialysis.
 MESA MEDICAL INC.
 Financial Summary
 Three Months Ended
 Sept. 30,
 1992 1991
 Net sales $980,000 $835,000
 Net income $165,000 $148,000
 Earnings per share $.04 $.03
 Average shares 4,417,000 4,307,000
 Six Months Ended
 Sept. 30,
 1992 1991
 Net sales $2,011,000 $1,725,000
 Net income $376,000 $314,000
 Earnings per share $.09 $.07
 Average shares 4,414,000 4,301,000
 -0- 10/20/92
 /CONTACT: Luke R. Schmieder of Mesa Medical, 303-431-4474/
 (MSMD) CO: Mesa Medical Inc. ST: Colorado IN: MTC SU: ERN


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Publication:PR Newswire
Date:Oct 20, 1992
Words:362
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