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WEGENER CORPORATION ANNOUNCES SECOND QUARTER RESULTS

 WEGENER CORPORATION ANNOUNCES SECOND QUARTER RESULTS
 DULUTH, Ga., April 15 /PRNewswire/ -- Wegener Corporation (NASDAQ-NMS: WGNR) today announced a net loss of $(303,000) or $(0.04) per share and $(294,000) or $(0.04) per share for the 3 and 6 month periods ended Feb. 28, compared to a net loss of $(396,000) or $(0.05) per share and $(868,000) or $(0.12) per share for the 3 and 6 month periods ended March 1, 1991.
 For the six-month period ended Feb. 28, no income tax benefits were recognized compared to a $275,000 income tax benefit recognized for the comparable period ending March 1, 1991.
 Revenues for the three months ended Feb. 28 were $4,640,000, down 1.3 percent from revenues of $4,702,000 for the three months ended March 1, 1991. Revenues were $10,451,000 for the six months ended Feb. 28, up 7.5 percent from revenues of $9,723,000 for the six months ended March 1, 1991.
 The company has two wholly owned subsidiaries, Wegener Communications, Inc. (WCI) and Telecrafter Services Corporation (TSC). WCI's revenues for the three- and six-month periods ended Feb. 28 were $3,889,000 and $7,904,000, down 2.8 percent and up 2.8 percent from revenues of $3,999,000 and $7,688,000 for the three- and six-month periods ended March 1, 1991. TSC's revenues for the three- and sixm?onth peri od ended Feb. 28 were $752,000 and $2,547,000, up 7.0 percent and 25.2 percent from revenues of $703,000 and $2,035,000 for the three- and six-month periods ended March 1, 1991
 WCI's revenue decrease in the second quarter of fiscal 1992 reflects a 4.0 percent decrease in revenues of the Telecom product line compared to the second quarter of fiscal 1991, primarily due to reduced shipments to the cable television and radio network industries. The revenues of the Direct Broadcast Satellite (DBS) product line of WCI have increased 5.1 percent for the first six months of fiscal 1992 compared to the first six months of fiscal 1991. WCI's Telecom product line revenues have remained level during the first six months of fiscal 1992 compared to the first six months of fiscal 1991. TSC's sales increases in the first and second quarters of fiscal 1992 reflect some improvement in the cable industry. However, weakness in the cable industry is expected to continue during fiscal 1992.
 The company's gross profit margins were 33.1 percent and 35.8 percent for the three- and six-month periods ended Feb. 28, compared to 35.4 percent and 30.3 percent for the three- and six-month periods ended March 1, 1991. WCI had gross margins of 31.9 percent and 33.4 percent for the three- and six-month periods ended Feb. 28, compared to 35.0 percent and 27.8 percent for the same periods in fiscal 1991. The decrease in the second quarter is due primarily to product mix while the increase in the first half is due to lower overhead costs and improved manufacturing efficiencies. TSC's gross margin was 39.5 percent and 43.3 percent for the three- and six-month periods ended Feb. 28, compared to 37.9 percent and 43.3 percent for the same periods in fiscal 1991. The increase in the second quarter is a result of organizational changes and cost control efforts at TSC.
 WCI continues to make progress in its markets. Strong bookings in the second quarter have increased quarter ending backlog to $7,233,000, the highest level in two years. This is consistent with expectations of increased revenues and improved operating results in the fourth quarter.
 WCI has received significant new international orders from South Africa and Spain. The order from South African Broadcasting Corporation further solidifies Wegener's leadership in the area of audio transmission standards in international satellite broadcasting. Spain has ordered data tramsmission equipment to implement a major point-to-multi-point data distribution network throughout Spain. Additionally, WCI has received add-on orders from Philips Consumer Electronics Company for Whittle Communications Channel One program and from Motorola, Inc. for their new EMBARC(R) service (Electronic Mail Broadcast to a Roaming Computer).
 WCI has executed a memorandum of understanding with General Instrument Corporation regarding incorporation of DigiCipher(R) video compression technology into products utilizing WCI's ANCS control system. Initial agreements are expected to be finalized during the third quarter.
 Wegener Corporation, through its wholly owned subsidiaries, designs and manufactures equipment for the business broadcast, data communications, and broadcast radio and television industries. It is also a major supplier of both products and services to the cable television industry.
 WEGENER CORPORATION AND SUBSIDIARIES
 Summarized Statements of Operations Data
 (in $000s except for per-share amounts)
 (Unaudited)
 3 mos. ended 6 mos. ended
 2/28/92 3/1/91 2/28/92 3/1/91
 Revenues $ 4,640 $ 4,702 $ 10,451 $ 9,723
 Loss before income
 taxes (312) (396) (294) (1,143)
 Income tax (benefit) (9) --- --- (275)
 Net (loss) $ (303) $ (396) $ (294) $ (868)
 Net (loss) per share$ (0.04) $ (0.05) $ (0.04) $ (0.12)
 Wtd. avg. no. of shares
 outstanding 7,367 7,201 7,357 7,201
 -0- 4/15/92
 /CONTACT: C. Troy Woodbury Jr., treasurer and chief financial officer of Wegener Corp., 404-623-0096/
 (WGNR) CO: Wegener Corporation ST: Georgia IN: CPR SU: ERN


EA-BN -- AT011 -- 8735 04/15/92 13:03 EDT
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