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PYXIS CORP. REPORTS FOURTH QUARTER RESULTS

 SAN DIEGO, Jan. 19 /PRNewswire/ -- Pyxis Corp. (NASDAQ-NMS: PYXS), a provider of advanced point-of-use medication and supply systems, today reported net income of $4.8 million, or $.26 per share, for the fourth quarter of 1992, compared to net income of $521,000, or $.04 per share, for the same quarter in 1991, according to Ronald Taylor, Pyxis president and chief executive officer.
 Pyxis' net income for the year increased to $11.9 million, or $.73 per share, compared to a net loss of $673,000, or $.05 per share, for the year 1991.
 The results reflect a current-year tax provision which includes the benefit of prior years' loss carryforwards.
 As a result, the reported 1992 tax rate of approximately 21 percent is less than the estimated 38 percent tax rate which would otherwise apply. On a pro forma basis, fully taxed earnings per shares at the estimated effective rate of 38 percent for the quarter and year ended Dec. 31, 1992, would have been $.22 and $.58, respectively.
 Revenues for the fourth quarter 1992 were $18 million, compared to $4.6 million in the fourth quarter 1991. For the year, revenues were $46.3 million, compared to $13.4 million for 1991, an increase of 246 percent.
 Pyxis' continued success in attracting new business and expanding the usage of its systems among existing hospital customers led to the company's strong performance in 1992, according to Taylor. Also, revenues from 1992 installations of the SupplyStation System, commercially introduced early last year, were recorded in the fourth quarter of 1992.
 Expansions of Pyxis systems by existing customers accounted for approximately 67 percent of revenues in the fourth quarter of 1992, with the remaining revenues resulting from installations by new customers.
 At Dec. 31, 1992, the number of hospitals with Pyxis systems installed had increased to a total of 343 from 146 at Dec. 31, 1991.
 Pyxis ended 1992 with $96.1 in total assets, including $65.2 million in cash and short-term investments. This compares to $17 million in total assets at year-end 1991. Stockholders' equity totaled $85.6 million at Dec. 31, 1992, compared to $14.5 million at the end of 1991. Pyxis netted $58.9 million from its initial public offering completed on July 22, 1992.
 Pyxis designs, develops and manufactures computer-based systems that automate the distribution, management and control of medications and supplies.
 PYXIS CORP.
 Earnings Summary
 Quarter -- Dec. 31: 1992 1991
 Net income $4,800,000 $521,000
 Shr earns (primary)
 Net income .26 .04
 Shr earns (fully diluted)
 Net income .26 ---
 Year:
 Net income $11,897,000 ($673,000)
 Shr earns (primary)
 Net income (loss) .77 (.05)
 Shr earns (fully diluted)
 Net income .73 ---
 PYXIS CORP.
 Selected Financial Information
 (In thousands, except per share amounts)
 Condensed Statements of Operations
 Three months ended Twelve months ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 (Unaudited)
 Sales-type leases $16,777 $4,136 $42,821 $11,975
 Rental 763 336 2,189 1,101
 Service and supplies 452 124 1,252 367
 Total revenues $17,992 $4,596 $46,262 $13,443
 Cost of revenues 5,394 1,760 14,019 5,664
 Gross profit 12,598 2,836 32,243 7,779
 Operating expenses 6,461 2,290 18,337 8,089
 Income (loss) from
 operations 6,137 546 13,906 (311)
 Interest, net 550 (25) 1,152 (362)
 Income (loss) before
 taxes 6,687 521 15,058 (673)
 Provision for income
 taxes 1,873 --- 3,162 ---
 Net income (loss) $4,814 $521 $11,896 ($673)
 Net income (loss) per
 common share and common
 share equivalent $.26 $.04 $.77 ($.05)
 Net income (loss) per
 common share - assuming
 full dilution $.26 $.04 $.73 ($.05)
 Weighted average number
 of common shares and
 common share
 equivalents 18,639 12,876 15,487 12,730
 Weighted average number
 of common shares -
 assuming full
 dilution 18,639 12,876 16,232 12,730
 -0- 1/19/93
 /CONTACT: Nadine Padilla of Pyxis Corp., 619-625-6450/
 (PYXS)


CO: Pyxis Corp. ST: California IN: HEA CPR SU: ERN

LS-EH -- SD007 -- 6580 01/19/93 17:18 EST
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Date:Jan 19, 1993
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