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ADVANCED MEDICAL REPORTS QUARTERLY PROFITS FOR THE FIRST TIME

 ADVANCED MEDICAL REPORTS QUARTERLY PROFITS FOR THE FIRST TIME
 SAN DIEGO, Aug. 13 /PRNewswire/ -- Advanced Medical, Inc. (AMEX: AMA) today reported a net profit of $17,000 for the second quarter of 1992, compared with a net loss of $8,260,000 for the second quarter of 1991.
 The company had a loss of $2,551,000 or 26 cents per share before an extraordinary debt restructuring charge for the first six months of 1992 compared with a net loss of $11,987,000 or $1.12 per share for the first six months of 1991.
 The extraordinary charge of $8,898,000 or 64 cents per share was previously reported in the first quarter and resulted from the early extinguishment of debt in connection with the company's sale of securities and debt. Operating profit for the second quarter of 1992 increased by $5,987,000 from a loss of $1,817,000 in the second quarter of 1991 to a profit of $4,170,000 in the second quarter of 1992. Revenues also increased for the quarter from $31,797,000 in the second quarter of 1991 to $32,829,000 in the second quarter of 1992.
 Advanced Medical's chairman, Dr. Richard Propper, stated that he was pleased with the company's first profitable quarter since its inception in 1989. The 70 cents per share quarterly improvement over the prior year was attributable to increased sales, expense restructuring activities begun in 1991 and interest expense reductions realized with the first quarter debt restructuring. Improvements over prior-year performance should continue throughout 1992.
 ADVANCED MEDICAL, INC.
 Consolidated Statement of Operations
 (Unaudited; in thousands, except per-share data)
 Periods ended June 30 Three Months Six Months
 1992 1991 1992 1991
 Sales $32,829 $31,797 $60,279 $58,688
 Income (loss) from opers. 4,170 (1,817) 4,987 (2,813)
 Interest income (expense) (2,180) (3,590) (4,817) (6,939)
 Income (loss) before
 extraordinary item 335 (7,624) (2,551) (11,987)
 Extraordinary item (loss) -- -- (8,898)(A) --
 Net income (loss) 335 (7,624) (11,449) (11,987)
 Dividends on preferred stock 318 636 936 1,220
 Net income (loss) applicable
 to common stock 17 (8,260) (12,385) (13,207)
 Net loss per common share
 before extraordinary item -- $(.70) $(.26) $(1.12)
 Net loss per common share
 after extraordinary item -- (.70) (.90) (1.12)
 Weighted average common
 shares outstanding 14,089 11,838 13,835 11,838
 (A) -- Losses on early extinguishment of debt.
 -0- 8/13/92
 /CONTACT: Stan Anders of Advanced Medical, 619-566-0426/
 (AMA) CO: Advanced Medical, Inc. ST: California IN: MTC SU: ERN


TM -- NY004 -- 9447 08/13/92 08:02 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
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