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APPLIED SPECTRUM TECHNOLOGIES REPORTS THIRD-QUARTER RESULTS

 APPLIED SPECTRUM TECHNOLOGIES REPORTS THIRD-QUARTER RESULTS
 MINNEAPOLIS, Aug. 17 /PRNewswire/ -- Applied Spectrum Technologies, Inc. (NASDAQ: ASTI) today announced that total revenues for the 1992 third quarter were $645,000, compared with $607,000 for the year-earlier period. The company reported a net profit for the third quarter ended June 30, 1992, of $28,000, or $.01 per share, compared with a net profit of $14,000, or $.01 per share, during the fiscal 1991 third quarter.
 For the first nine months of fiscal 1992, revenues were $1,521,000, compared with $2,072,000 in the comparable 1991 period. Net loss for the 1992 first nine months was $221,000, or $.11 per share, versus a net loss of $149,000, or $.07 per share, during the first three quarters of last year.
 James Szeliga, president, said, "The third quarter increase in revenues was primarily attributable to increases in Centra T1 product sales."
 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 Nine Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Revenues $645,000 $607,000 $1,521,000 $2,072,000
 Net Profit (loss) 28,000 14,000 (221,000) (149,000)
 Net Profit (loss)
 per share $.01 $.01 $(.11) $(.07)
 Weighted average
 number of shares
 outstanding 1,996,064 1,996,064 1,996,064 1,996,064
 -0- 8/17/92
 /CONTACT: Melissa Quinn of Padilla Speer Beardsley, 612-871-8877, for Applied Spectrum; or Edward F. Mackay of Applied Spectrum Technologies, 612-379-7114/
 (ASTI) CO: Applied Spectrum Technologies, Inc. ST: Minnesota IN: SU: ERN


AL -- MN013 -- 0635 08/17/92 15:55 EDT
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Publication:PR Newswire
Date:Aug 17, 1992
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