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APPLIED SPECTRUM TECHNOLOGIES REPORTS FIRST QUARTER RESULTS

 APPLIED SPECTRUM TECHNOLOGIES REPORTS FIRST QUARTER RESULTS
 MINNEAPOLIS, Feb. 18 /PRNewswire/ -- Applied Spectrum Technologies, Inc. (NASDAQ: ASTI), today announced that total revenues for the 1992 first quarter were $525,000, compared with $574,000 for the year-earlier period. The Company reported a net loss for the first quarter ended December 31, 1991, of $93,000, or $.05 per share, compared with a net loss of $193,000, or $.10 per share, during the fiscal 1991 first quarter.
 James Szeliga, president, said, "The first quarter decrease in revenues was primarily attributable to a $99,000 reduction in sublicensing fees; our product sales actually increased $50,000 during the quarter." Szeliga said that net losses decreased in the fiscal 1992 first quarter as a result of Applied Spectrum's efforts to improve margins and reduce costs.
 Applied Spectrum Technologies, Inc., headquartered in Minneapolis, designs, manufactures, markets and services digital business communication systems.
 APPLIED SPECTRUM TECHNOLOGIES, INC.
 CONDENSED STATEMENTS OF OPERATIONS
 Three Months Ended
 December 31
 1991 1990
 Revenues $525,000 $574,000
 Net (Loss) (93,000) (193,000)
 Net (Loss) per share $(.05) $(.10)
 Weighted average number of
 shares outstanding 1,996,064 1,996,064
 -0- 02/18/92
 /CONTACT: Edward F. Mackay of Applied Spectrum Technologies, 612-379-7114, or Marian Briggs of Padilla Speer Beardsley, 612-871-8877, for Applied Spectrum Technologies/
 (ASTI) CO: Applied Spectrum Technologies, Inc. ST: Minnesota IN: TLS SU: ERN


KH -- MN012 -- 9912 02/18/92 11:52 EST
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Publication:PR Newswire
Date:Feb 18, 1992
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