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ASTROCOM CORPORATION ANNOUNCES SECOND QUARTER 1992 RESULTS

 ASTROCOM CORPORATION ANNOUNCES SECOND QUARTER 1992 RESULTS
 ST. PAUL, Minn, Aug. 14 /PRNewswire/ -- Astrocom Corporation (NASDAQ: ACOM) today reported results for the second quarter and six months ended June 30, 1992. In the second quarter, net revenues were $1,132,000, down 32 percent from net revenues of $1,673,000 in the second quarter last year. The net loss in the second quarter was $65,000 or $.02 per share, versus income of $30,000 or $.01 per share last year.
 In the first six months, Astrocom had a net loss of $23,000 or $.01 per share on net revenues of $2,584,000. Last year, the company had a net loss of $367,000 or $.13 per share on net revenues of $2,730,000.
 The company said that revenue and earnings were below expectations due to an outside circuit board manufacturer's inability to deliver product on time. Approximately $145,000 of revenue planned for the second quarter was deferred until early in the third quarter.
 "Our order input and backlog have remained consistent despite the sluggish economy," Stephen C. O'Hara, chief executive officer, commented. "If we had the production two days earlier, we would have been profitable in the second quarter. We now have a strong backlog for the third quarter and expect to return to profitability by quarter's end."
 Astrocom Corporation designs, manufactures and markets advanced digital communications equipment for the data transmission needs of corporations and other large organizations. Astrocom multiplexers and data sets provide cost-effective long-distance communications via digital public data networks.
 ASTROCOM CORPORATION
 000s Omitted
 Second Quarter Year to Date
 6/30/92 6/30/91 6/30/92 6/30/91
 Net revenues $1,132 $1,673 $2,584 $2,730
 Gross profit 524 958 1,249 1,424
 Expenses:
 Selling and administrative 416 728 920 1,392
 Research and development 131 146 259 306
 Interest expense 42 54 93 93
 Income (loss) from
 operations before taxes (65) 30 (23) (367)
 Income taxes (credit) 0 0 0 0
 Income from operations (65) 30 (23) (367)
 Net income (loss) $(65) $30 $(23) $(367)
 Net income (loss) per share $(.02) $.01 $(.01) $(.13)
 Shares used in
 the computation 3,504,958 2,790,000 3,410,453 2,820,000
 -0- 8/14/92
 /CONTACT: Stephen C. O'Hara of Astrocom, 612-227-8651 or Joseph H. Jennings of Jennings Communications, 612-371-8280, for Astrocom/
 (ACOM) CO: Astrocom Corporation ST: Minnesota IN: TLS SU: ERN


DS -- MN008 -- 0035 08/14/92 13:05 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
Words:417
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