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RAMTEK ANNOUNCES A PROFIT FOR ITS THIRD QUARTER ENDED MARCH 31, 1992

RAMTEK ANNOUNCES A PROFIT FOR ITS THIRD QUARTER ENDED MARCH 31, 1992
 SAN JOSE, Calif., May 11 /PRNewswire/ -- Ramtek Corp. today announced that its net revenues for the third quarter ended March 31, 1992, were $2,573,000 as compared to $4,557,000 for the comparable period in fiscal year 1991. The company reported net income of $89,000, or $0.02 per share, for the third quarter of fiscal year 1992 as compared to $54,000, or $0.01 per share, for the comparable period of fiscal year 1991.
 For the nine months ended March 31, 1992, net revenues were $8,755,000 as compared to $12,780,000 for the comparable period in fiscal year 1991. The company reported a net loss for the first nine months of fiscal year 1992 of $(2,126,000), or $(0.42) per share, which included a restructuring charge and inventory write-off of $1,800,000. For the comparable period of fiscal year 1991, net income was $177,000, or $0.04 per share.
 Bill Finley, president, said, "We are pleased with our financial performance in the third quarter of fiscal year 1992. Although revenues were down significantly in the third quarter compared to the same quarter in fiscal year 1991, the company was able to generate a profit through the introduction of strict cost control measures. Now, the challenge for the company will be to release its quality remote sensing software product, TERRAIN, and provide system solutions that will make customers want to purchase Ramtek products and our integration services."
 Ramtek Corp., headquartered in San Jose, designs and manufactures image processing systems and graphics display systems for markets such as remote sensing, reconnaissance and surveillance, natural resource management, environmental studies, geographical sciences, command and control, forensic science and medical imaging.
 RAMTEK CORP.
 Consolidated Statements of Operations
 (In thousands except per share amounts)
 (Unaudited)
 Three Months Ended Nine Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Revenue:
 Product sales $1,959 $3,872 $6,928 $10,656
 Service and other
 revenue 614 685 1,827 2,124
 Net revenue 2,573 4,557 8,755 12,780
 Costs and expenses:
 Cost of sales 1,217 2,349 4,180 6,347
 Restructuring charge
 and inventory write-off -- -- 1,800 --
 Product development 389 714 1,521 2,454
 Selling, general and
 administrative 859 1,266 3,333 3,590
 Total costs and expenses 2,465 4,329 10,834 12,391
 108 228 (2,079) 389
 Interest expense, net (19) (19) (47) (12)
 Income (loss) before
 income tax expense and
 extraordinary credit 89 209 (2,126) 377
 Provision for income taxes (36) (183) -- (250)
 Income (loss) before
 extraordinary credit 53 26 (2,126) 127
 Extraordinary credit --
 utilization of net
 operating loss
 carryforwards 36 28 -- 50
 Net income (loss) $89 $54 $(2,126) $177
 Net income (loss) per
 share:
 Income (loss) before
 extraordinary credit $0.01 $0.01 $(0.42) $0.03
 Extraordinary credit 0.01 0.00 -- 0.01
 Net income (loss) per
 share $0.02 $0.01 $(0.42) $0.04
 Number of shares used
 in per share
 calculation 5,180 4,975 5,107 4,785
 -0- 5/11/92
 /CONTACT: Bill R. Finley of Ramtek, 408-954-2700/ CO: Ramtek ST: California IN: CPR SU: ERN


RM -- SJ002 -- 8444 05/11/92 09:02 EDT
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Date:May 11, 1992
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