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MPSI SYSTEMS REPORTS RESULTS

 MPSI SYSTEMS REPORTS RESULTS
 TULSA, Okla., July 24 /PRNewswire/ -- MPSI Systems Inc. (OTC: MPSG)


reported a net loss from continuing operations of $1,498,000 ($.17 per share) on revenues of $6,152,000 for the third quarter ended June 30, 1992, compared with a net loss from continuing operations of $1,092,000 on revenues of $8,338,000 for the same period a year ago.
 For the nine months ended June 30, 1992, the loss from continuing operations of $2,376,000 ($.28 per share) on revenues of $22,331,000 compares with a loss of $4,503,000 on revenues of $24,864,000 for the same period a year ago. The loss from discontinued operations of $145,000 ($.02 per share) for the nine-month period compares with a net loss of $5,092,000 for the same period a year ago. Included in the loss a year ago was a loss of $3,578,000 from the disposition of a wholly owned subsidiary.
 According to Ronald G. Harper, MPSI chairman, the lower revenues in fiscal 1992 are due primarily to reduced sales of products and services in U.S. markets. The lower losses from continuing operations in fiscal 1992 versus fiscal 1991 are primarily attributable to a reduction in staff and general and administrative expenses and to the write-down of capitalized software development costs in 1991 which did not recur in 1992.
 MPSI SYSTEMS INC.
 For the Quarter Ended June 30,
 1992 1991
 Revenues $ 6,152,000 $ 8,338,000
 Income(Loss) From
 Continuing Operations $ (1,498,000) $ (1,092,000)
 Income(Loss) From
 Discontinued Operations $ (56,000) $ (93,000)
 Net Income(Loss) $ (1,554,000) $ (1,185,000)
 Average Common Shares Outstanding 8,605,000 8,457,524
 Earnings(Loss) Per Common Share:
 Income(Loss) From
 Continuing Operations $ (.17) $ (.13)
 Income(Loss) From
 Discontinued Operations $ (.01) $ (.01)
 Net Income(Loss) $ (.18) $ (.14)
 For the Nine Months Ended June 30,
 1992 1991
 Revenues $ 22,331,000 $ 24,864,000
 Income(Loss) From
 Continuing Operations $ (2,376,000) $ (4,503,000)
 Income(Loss) From
 Discontinued Operations $ (145,000)(a)$ (5,092,000)
 Net Income(Loss) $ (2,521,000) $ (9,595,000)
 Average Common Shares Outstanding 8,523,000 8,457,524
 Earnings(Loss) Per Common Share:
 Income(Loss) From
 Continuing Operations $ (.28) $ (.53)
 Income(Loss) From
 Discontinued Operations $ (.02) $ (.60)
 Net Income(Loss) $ (.30) $ (1.13)
 (A) Includes a loss of $3,578,000 from disposal of discontinued operations.
 -0- 7/24/92
 /CONTACT: Quentin Mantooth of MPSI Systems, 918-250-9611/
 (MPSG) CO: MPSI Systems Inc. ST: Oklahoma IN: SU: ERN


PS -- NY061 -- 3148 07/24/92 16:18 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
Words:442
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