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ANALYTICAL SURVEYS MORE THAN DOUBLES NET EARNINGS FOR SECOND QUARTER/SIX MONTHS

 COLORADO SPRINGS, Colo., April 20 /PRNewswire/ -- Analytical Surveys, Inc. (NASDAQ: ANLT) today announced a 156 percent increase in net earnings for the six months ended March 31, 1993. Earnings for the period were $201,164, or $.08 per share, compared with earnings of $78,428, or $.03 per share, for the same period a year ago. Sales for the six-month period were $4,342,841, up from $3,892,496 for the first half of fiscal 1992.
 The company reported net earnings of $139,217, or $.06 per share, on sales of $2,223,624 for the second quarter ended March 31, 1993. This represents a 153 percent increase over net earnings of $54,960, or $.02 per share, on sales of $2,080,059 for the second quarter of last year.
 Analytical Surveys Vice President of Finance Scott Benger said the company's strong earnings figures are the result of its commitment to a philosophy of consistent and controlled growth. "We are pleased to report significant increases in earnings for the first half of fiscal 1993," he said. "Our backlog remains strong at $9.5 million and we continue to improve on turning backlog into positive bottom-line results. We have shown a steady increase in revenues and we are exceptionally pleased to bring a substantial percentage of that increase to the bottom line," commented Benger. "Improved production processes and economies of scale have enabled us to more effectively turn sales into profits."
 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.
 STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Six Months Ended
 March 31, March 31,
 1993 1992 1993 1992
 Sales of services $2,223,624 $2,080,059 $4,342,841 $3,892,496
 Costs and expenses:
 Salaries, wages and
 benefits 1,003,948 944,353 2,005,420 1,837,931
 Subcontractor costs 310,487 365,480 615,118 576,737
 General and
 administrative 468,907 436,047 949,912 853,095
 Depreciation and
 amortization 188,585 185,104 372,285 374,187
 --- 1,971,927 1,930,984 3,942,735 3,641,950
 Earnings from
 operations 251,697 149,075 400,106 250,546
 Other income (expenses):
 Interest income
 (expense) (49,645) (62,009) (102,105) (125,034)
 Gain (loss) on
 marketable securities -- (2,250) -- (11,250)
 Miscellaneous income 7,165 2,423 9,163 10,226
 --- (42,480) (61,836) (92,942) (126,058)
 Earnings before
 income taxes 209,217 87,239 307,164 124,488
 Income tax expense 70,000 32,279 106,000 46,060
 Net earnings $ 139,217 $ 54,960 $ 201,164 $ 78,428
 Earnings per share $ .06 $ .02 $ .08 $ .03
 Weighted average common
 shares outstanding 2,510,485 2,485,995 2,507,819 2,485,708
 -0- 4/20/93
 /CONTACT: David Neuger, (Home) 612-699-6730; or Errin Kratochwill, (Home) 612-224-2462, both of Edwin Neuger and Associates, 612-333-6621/
 (ANLT)


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

KH -- MN014 -- 7937 04/20/93 10:35 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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