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APPLIED SPECTRUM TECHNOLOGIES REPORTS SECOND-QUARTER RESULTS

 APPLIED SPECTRUM TECHNOLOGIES REPORTS SECOND-QUARTER RESULTS
 MINNEAPOLIS, May 19 /PRNewswire/ -- Applied Spectrum Technologies, Inc. (NASDAQ: ASTI, common stock) (NASDAQ: ASTIW, warrants) today announced that total revenues for the 1992 second quarter were $351,000, compared with $891,000 for the year-earlier period. The Company reported a net loss for the second quarter ended March 31, 1992, of $156,000, or $.08 per share, compared with a net profit of $30,000, or $.02 per share, during the fiscal 1991 second quarter.
 For the first six months of fiscal 1992, revenues were $876,000, compared with $1,465,000 in the comparable 1991 period. Net loss for the 1992 first half was $249,000, or $.12 per share, versus a net loss of $163,000, or $.08 per share, in the first half of last year.
 James Szeliga, president, said, "The second quarter decrease in revenues was primarily attributable to a $600,000 reduction in Centra T1 revenues from OEMs. Non-OEM product sales increased $60,000 during the quarter."
 Applied Spectrum Technologies, Inc., headquartered in Minneapolis, designs, manufactures, markets and services digital business communication systems.
 APPLIED SPECTRUM TECHNOLOGIES, INC.
 CONDENSED STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Six Months Ended
 March 31, March 31,
 1992 1991 1992 1991
 Revenues $351,000 $891,000 $876,000 $1,465,000
 Net (loss) (156,000) 30,000 (249,000) (163,000)
 Net (loss) per share $(.08) $.02 $(.12) $(.08)
 Weighted average
 number of shares
 outstanding 1,996,064 1,996,064 1,996,064 1,996,064
 -0- 5/19/92
 /CONTACT: Edward F. Mackay of Applied Spectrum Technologies, 612-379-7114, or Marian Briggs of Padilla Speer Beardsley, 612-871-8877, for Applied Spectrum Technology/
 (ASTI ASTIW) CO: Applied Spectrum Technologies, Inc. ST: Minnesota IN: SU: ERN


KH -- MN012 -- 2007 05/19/92 16:15 EDT
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Publication:PR Newswire
Date:May 19, 1992
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