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PENRIL REPORTS SECOND QUARTER RESULTS

 PENRIL REPORTS SECOND QUARTER RESULTS
 GAITHERSBURG, Md., Feb. 11 /PRNewswire/ -- Penril DataComm


Networks Inc. (NASDAQ: PNRL) today reported revenues of $11,844,000 for the second quarter ended Jan. 31, 1992, compared to revenues of $13,031,000 for the second quarter ended Jan. 31, 1991. Revenues for the six months ended Jan. 31, 1992, were $23,872,000, compared to revenues of $25,477,000 for the six months ended Jan. 31, 1991.
 Net income for the second quarter ended Jan. 31, 1992, was $807,000, or 12 cents per share, compared to $1,474,000, or 22 cents per share, for the quarter ended Jan. 31, 1991. Net income for the six months ended Jan. 31, 1992, was $1,627,000, or 24 cents per share, compared to $2,656,000, or 40 cents per share, for the six months ended Jan. 31, 1991.
 Henry Epstein, Penril's chairman, stated: "These results reflect our previously announced expectations that the first half of this fiscal year would be affected by the continued weakness in the economy, coupled with the company's increased expenditures in engineering and marketing for a new family of internetworking products. We were pleased to see the beginning of strong shipments confirming market acceptance of our Series 1544 Fractional T1 Channel Bank in this second fiscal quarter. Initial production and sampling of our new Series 2500 Multiport Fiber Distributed Data Interface Bridge also began in the quarter with very favorable customer reception."
 Penril DataComm Networks Inc. manufactures data communications equipment and test and measurement instruments.
 PENRIL AND SUBSIDIARIES
 CONDENSED CONSOLIDATED EARNINGS
 (Unaudited)
 Three Months Ended
 Jan. 31, 1992 Jan. 31, 1991
 Net revenues $11,844,000 $13,031,000
 Income before income taxes $ 887,000 $ 1,657,000
 Provision for income taxes (80,000) (183,000)
 Net income from operations $ 807,000 $ 1,474,000
 Weighted average common and
 equivalent shares 6,843,000 7,056,000
 Earnings per share $ .12 $ .22
 Six Months Ended
 Jan. 31, 1992 Jan. 31, 1991
 Net revenues $23,872,000 $25,477,000
 Income before income taxes $ 1,788,000 $ 2,946,000
 Provision for income taxes (161,000) (290,000)
 Net income from operations $ 1,627,000 $ 2,656,000
 Weighted average common and
 equivalent shares 6,914,000 7,050,000
 Earnings per share $ .24 $ .40
 SELECTED BALANCE SHEET ITEMS
 Jan. 31, 1992 July 31, 1991
 (unaudited) (audited)
 Current Assets $23,545,000 $28,663,000
 Total Assets $30,402,000 $34,839,000
 Current Liabilities $ 6,665,000 $12,886,000
 Principal Amount of Long-Term
 Debt $ 900,000 $ 892,000
 Stockholders' Equity $22,681,000 $20,901,000
 Common Shares Outstanding 5,931,000 4,935,000
 -0- 2/11/92
 /CONTACT: Harry O. Christenson, executive vice president, Penril DataComm Networks, 301-417-0552; or Mark Cohen of Cameron Associates, 212-683-4545, for Penril/
 (PNRL) CO: Penril DataComm Networks Inc. ST: Maryland IN: CPR SU: ERN


DC-SB -- DC019 -- 8939 02/11/92 16:12 EST
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Date:Feb 11, 1992
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