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AETRIUM ANNOUNCES RECORD THIRD QUARTER RESULTS

 ST. PAUL, Minn., Oct. 18 /PRNewswire/ -- Aetrium, Inc. (NASDAQ: ATRM) announced today record revenues, record operating profit and record earnings for its third quarter and nine month period ended Sept. 30, 1993.
 The company reported revenues for the third quarter at $5,452,000 which amounts to a substantial increase of 49 percent from the $3,670,000 for the same period a year ago. Revenues for the first nine months of 1993 were at $15,026,000 reflecting a 67 percent increase over revenues of $8,986,000 reported for the comparable period a year ago.
 Operating income was also at a record level. The company reported $1,357,000 in operating income for the third quarter ended Sept. 30, 1993 compared with $459,000 in the same quarter last year. Chief Executive Officer Joseph Levesque said of the results, "Our improvement in operating income is largely a result of gross margin increases afforded to us by higher revenues and to a change in product mix favoring more profitable product offerings. Our gross margin for our third quarter came in at 63.1 percent which is slightly higher than we anticipated and substantially higher than last year's third quarter margin of 57.2 percent."
 Aetrium's net income rose 128 percent for third quarter to $982,000, or $.25 per share, compared with $430,000, or $.13 per share, reported for the third quarter of 1992. Nine month net income was $3,864,000 or $1.03 per share compared with $435,000 or $.13 per share for the nine months ended Sept. 30, 1992.
 Levesque said, "We are continuing to see strong demand for all of our test handlers, and our Versatus(TM) automation modules, from new customers as well as from our existing customer base. Increased revenue resulted from strong ordering patterns across all three of the company's primary product lines. We accelerated the pace of shipments in the third quarter to satisfy the demands of a very strong semiconductor industry and continue to see a healthy demand for our products in light of this continued industry strength."
 Aetrium stock became publicly traded on the National Over-The- Counter market on Aug. 10, 1993 through an initial public offering. The company and selling shareholders sold 1,725,000 shares of common stock, of which 225,000 shares were sold as a result of the exercise of the over-allotment option by the underwriters Dain Bosworth Inc. and John G. Kinnard Inc.
 Aetrium designs, manufactures and markets test handlers and Versatus automation modules used in the assembly and testing of packaged integrated circuits (ICs) semiconductor devices.
 AETRIUM INCORPORATED
 Statements of Income
 (Unaudited)
 3 months ended 9 months ended
 9/30/93 9/30/92 9/30/93 9/30/92
 Net sales $5,452,000 $3,670,000 $15,026,000 $8,986,000
 Cost of sales 2,010,000 1,572,000 5,618,000 3,933,000
 Gross profit 3,442,000 2,098,000 9,408,000 5,053,000
 Gross profit
 percent 63.1 57.2 62.6 56.2
 Selling
 and General 1,442,000 1,169,000 4,198,000 3,183,000
 Research and
 Development 643,000 470,000 1,850,000 1,384,000
 Operating
 Income 1,357,000 459,000 3,360,000 486,000
 Other Expense 12,000 15,000 93,000 37,000
 Income tax 363,000 14,000 1,103,000 14,000
 Cumulative Effect of
 Change in Income
 Tax -- -- (1,700,000) --
 NET INCOME 982,000 430,000 3,864,000 435,000
 Shares in Per Share
 Computation 3,905 3,263 3,368 3,254
 Income Per Share Before
 Cumulative Effect $.25 $.13 $.64 $.13
 Cumulative Effect of
 Change in Income Tax -- -- .50 --
 Redemption of Preferred
 Stock Over Carrying
 Value -- -- (.11) --
 NET INCOME PER SHARE $.25 $.13 $1.03 $.13
 -0- 10/18/93
 /CONTACT: Christine Levesque, 612-770-2000/
 (ATRM)


CO: Aetrium, Inc. ST: Minnesota IN: SU: ERN

CP-DB -- MN016 -- 3545 10/18/93 16:08 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
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