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ANALYTICAL SURVEYS ANNOUNCES INCREASED SALES AND EARNINGS FOR FIRST QUARTER

 COLORADO SPRINGS, Colo., Jan. 25 /PRNewswire/ -- Analytical Surveys, Inc. (NASDAQ: ANLT) announced today net earnings for the first quarter ended Dec. 31, 1992 of $61,948, or $.02 per share, up 165 percent from net earnings of $23,466, or $.01 per share, a year ago. Sales for the period increased over 16 percent to $2,119,217, up from $1,812,437 for the first quarter of last year.
 Analytical Surveys President and Chief Operating Officer Sid Corder said, "We are very pleased to begin fiscal 1993 in such a positive manner. Our controlled-growth philosophy combined with superior technology and operating skills have been and continue to be a good blend for success." Corder highlighted several first quarter achievements:
 -- Sales increased 16 percent.
 -- Net income increased 165 percent.
 -- Earnings from operations increased 46 percent.
 -- Sales backlog remains strong at $9,802,000.
 -- The company's current ratio is 2.5:1.
 -- The company's notes payable to the bank is $0.
 Corder continued, "Today, the GIS marketplace continues to expand and has become more sophisticated. Customers are expecting more accurate and timely information. Analytical Surveys' performance and our success in developing innovative technologies provide us with a competitive edge."
 Analytical Surveys, Inc. is a professional services company providing digital mapping and Geographic Information Systems (GIS) database services. The company is an industry leader in innovative technological advances and productivity. Its clients include cities, counties, utility companies and others making use of the emerging technologies related to digital mapping.
 The company's common stock is traded nationally over the counter under the NASDAQ symbol ANLT.
 ANALYTICAL SURVEYS, INC.
 Consolidated Statement of Operations
 (Unaudited)
 Three Months Ended
 December 31,
 1992 1991
 Sales of services $2,119,217 $1,812,437
 Costs and expenses:
 Salaries, wages and benefits 971,294 859,163
 Subcontractor costs 304,632 211,257
 General and administrative 511,183 451,466
 Depreciation and amortization 183,700 189,083
 -- 1,970,809 1,710,969
 Earnings from operations 148,408 101,468
 Other income (expenses):
 Interest income (expense) (52,460) (63,024)
 Gain (loss) on marketable securities -- (9,000)
 Miscellaneous income (expense) 2,000 7,803
 (50,460) (64,221)
 Earnings before income taxes 97,948 37,247
 Income tax expense 36,000 13,781
 Net earnings $ 61,948 $ 23,466
 Earnings per share $ .02 $ .01
 Weighted average common
 shares outstanding 2,505,211 2,485,424
 -0- 1/25/93
 /CONTACT: Edwin Neuger (home), 612-929-0945; or David Neuger (home), 612-699-6730; both of Edwin Neuger and Associates, 612-333-6621/
 (ANLT)


CO: Analytical Surveys, Inc. ST: Minnesota IN: SU: ERN

KH -- MN005 -- 8355 01/25/93 10:07 EST
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Publication:PR Newswire
Date:Jan 25, 1993
Words:435
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