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SYMETRICS INDUSTRIES REPORTS RESULTS

 MELBOURNE, Fla., May 24 /PRNewswire/ -- Symetrics Industries, Inc. (NASDAQ: SYMT), a designer and manufacturer of high quality, electronic systems and assemblies, reports fiscal year 1993 financial results. Fiscal year 1993, ended March 31, 1993, was a rewarding year for the company. This pivotal year ended on a very positive note with the award of two significant contracts:
 -- Telemetry Sets $3.55 million
 -- Improved Data Modems $6.65 million
 Symetrics' backlog at year end was $10.6 million -- a company record. The Telemetry contract for 802 AN/DKT-61A sets continues this program that has been successful and profitable at Symetrics for the past seven years. The Navy has an option for an additional $3 million of telemetry sets. The Improved Data Modem (IDM) contract, for 188 units, was a prestigious and highly coveted award. This equipment represents the latest advances in electronics and integrated circuits including surface mount technology. The Air Force estimates the contract will exceed $41 million, through the exercise of options over the next five years.
 Considering the successful rebuilding of the backlog, the financial results of fiscal 1993 were good. Starting the year with an unusually low backlog of $2.5 million resulted in contract revenues of $3,425,563, that were 38 percent lower than fiscal 1992. Consequently the net loss of $28,143, or $.04 per share, compared with a net income of $218,620, or $.28 per share, a year ago is attributed to the lower business volume. The award of the telemetry contract in December was just a few days too late to generate sufficient contract revenues to make fiscal year 1993 profitable. The value of equipment shipped during fiscal 1993 was $5.4 million.
 SYMETRICS INDUSTRIES, INC.
 Financial highlights for the past three years:
 1993 1992 1991
 Revenues $3,425,563 $5,521,494 $4,026,356
 Net Income (loss) (28,143) 218,620 115,383
 Earning (loss) per Share (.04) .28 .15
 Shareholders' Equity 1,385,887 1,413,467 1,194,847
 Backlog 10,647,304 2,488,017 5,609,595
 Wt. Avg. Shares Out. 791,591 789,430 789,430
 During fiscal 1993 management successfully accomplished its objectives of balancing expenses commensurate with the lower backlog and retaining the capable professional staff to aggressively pursue new business opportunities and perform on existing contracts. Over the past 18 months, the company pursued major new business opportunities amounting to over $200 million and booked contracts with a potential of over $50 million, including the IDM and Telemetry Sets. Also included in the fiscal 1993 awards was over $750,000 from a new customer for communication and navigation equipment for aircraft.
 "Looking forward to fiscal 1994, we anticipate substantially increased revenues and a return to profitability. Again, we attribute our success to our God, The Creator, and thank our dedicated employees for their work," said Dudley E. Garner Jr., president of Symetrics.
 -0- 5/24/93
 /CONTACT: Dudley E. Garner Jr., president and chairman of Symetrics Industries, 407-254-1500/
 (SYMT)


CO: Symetrics Industries, Inc. ST: Florida IN: CPR ARO SU: ERN

AW-JB -- FL006 -- 1761 05/24/93 13:58 EDT
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Date:May 24, 1993
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