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ANALYTICAL SURVEYS DOUBLES NET INCOME FOR FIRST NINE MONTHS OF FISCAL 1992

 ANALYTICAL SURVEYS DOUBLES NET INCOME
 FOR FIRST NINE MONTHS OF FISCAL 1992
 COLORADO SPRINGS, Colo., July 30 /PRNewswire/ -- Analytical Surveys, Inc. (NASDAQ: ANLT) announced today net income of $164,053, or $.06 per share, for the nine months ended June 30, 1992. This compares with net income of $81,495, or $.03 per share, for the same period one year ago, a 100 percent increase. Earnings for the three quarters already exceed earnings for the entire previous year. Sales for the nine months were $6,198,958, up 17.9 percent from $5,259,298 for the same period last year.
 For the three months ended June 30, 1992, the company reported net income of $85,627, or $.03 per share, on sales of $2,306,462. This compares with net income of $56,247, or $.02 per share, on sales of $1,924,543 for the third quarter of fiscal 1991.
 The period ended June 30, 1992, marks the eighth consecutive quarter of profitability for Analytical Surveys. "We attribute our success to a number of factors," said Scott Benger, vice president of finance for the company. "We continue to realize improved earnings from operations. This improvement over the past nine months -- with earnings from operations increasing more than $469,000 compared to the previous year -- highlights our commitment to maintaining strong growth while containing costs." Benger also said Analytical Surveys has placed a steady emphasis on sales and marketing under its controlled growth philosophy.
 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 Nine Months Ended
 6/30/92 6/30/91 6/30/92 6/30/91
 Sales of services $2,306,462 $1,924,543 $6,198,958 $5,259,298
 Costs and expenses:
 Salaries, wages and
 related benefits 985,861 777,138 2,823,788 2,346,986
 Subcontractor costs 527,233 431,601 1,103,970 1,120,544
 General and
 administrative 428,310 406,932 1,281,411 1,278,171
 Depreciation and
 amortization 173,920 182,446 548,109 541,363
 -- 2,115,324 1,798,117 5,757,278 5,287,064
 Earnings (loss)
 from operations 191,138 126,426 441,680 (27,766)
 Other income (expenses):
 Interest income
 (expense) (57,737) (52,156) (182,770) (185,070)
 Reimbursement from vendor -- -- -- 336,105
 Gain (loss) on
 marketable securities (1,125) 12,447 (12,375) (243)
 Miscellaneous income
 (expense) 3,653 2,564 13,878 6,331
 -- (55,209) (37,145) (181,267) 157,123
 Earnings (loss) before
 income taxes 135,929 89,281 260,413 129,357
 Income tax expense 50,302 33,034 96,360 47,862
 Net earnings (loss) $85,627 $56,247 $164,053 $81,495
 Earnings (loss) per share $.03 $.02 $.06 $.03
 Weighted average common
 shares outstanding 2,487,574 2,485,324 2,486,334 2,485,324
 -0- 7/30/92
 /CONTACT: Edwin Neuger, 612-929-0945, or David Neuger, 612-699-6730, both of Edwin Neuger & Associates, 612-333-6621, for Analytical Surveys/
 (ANLT) CO: Analytical Surveys, Inc. ST: Colorado IN: CPR SU: ERN


KH -- MN007 -- 5025 07/30/92 11:02 EDT
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Publication:PR Newswire
Date:Jul 30, 1992
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