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BALLISTIC RECOVERY SYSTEMS REPORTS FISCAL 1991 OPERATING RESULTS

 BALLISTIC RECOVERY SYSTEMS REPORTS FISCAL 1991 OPERATING RESULTS
 ST. PAUL, Minn., Jan. 23 /PRNewswire/ -- Ballistic Recovery Systems, Inc. (NASDAQ: BRSI) announced today the results of operations for the fiscal year ended Sept. 30, 1991. The company reported net sales of $3,259,420 and a net loss of $58,812, or $.02 per share this year compared to net sales of $3,497,002 and a net loss of $78,129, or $.02 per share, last year.
 The 6.8 percent decrease in sales during 1991 compared to last year primarily resulted from two factors. First, the company experienced lower sales. Second, significant delays in receiving certain component materials from key suppliers resulted in manufacturing and product shipment delays.
 Gross profit percentage increased to 24.9 percent during 1991 from 23.8 percent one year ago. Selling, general, and administrative expenses decreased by $45,529 during 1991, due to stringent cost control, the reduction of personnel in the St. Paul facility, and the company's centralization of administrative functions in its Southern California facility. Research and development expenses increased by $22,033, primarily because the company resumed testing of the GARD-150 to attempt to secure FAA certification.
 Ballistic Recovery Systems, Inc., based in South El Monte, California, designs, manufactures, and distributes rocket-powered parachute systems which are designed to recover aircraft under catastrophic airborne conditions. The company also designs, manufactures, and distributes parachute systems and subsystems for defense applications.
 BALLISTIC RECOVERY SYSTEMS, INC.
 CONSOLIDATED BALANCE SHEETS
 Fiscal Year Ended
 9/30/91 9/30/90
 Net sales $3,259,420 $3,497,002
 Cost of sales 2,449,308 2,665,629
 Gross profit 810,112 831,373
 Selling, general and
 administrative expenses 833,989 879,516
 Amortization of negative
 goodwill (54,716) (54,716)
 Research and development 61,960 39,927
 Loss from operations (31,121) (33,354)
 Other income (expense)
 Interest and investment
 income 5,406 1,788
 Interest expense (45,316) (53,857)
 Other income (expense) 10,219 7,294
 Net loss $(58,812) $(78,120)
 Net loss per common share $(.02) $(.02)
 Weighted average number
 of shares outstanding 3,506,466 3,359,311
 -0- 1/23/92
 /CONTACT: Darrell Brandt, CEO of Ballistic Recovery Systems, 612-457-7491; or Tom de Petra of de Petra & Associates, 612-338-7630, for Ballistic Recovery Systems/
 (BRSI) CO: Ballistic Recovery Systems, Inc. ST: Minnesota IN: ARO SU: ERN


AL -- MN017 -- 2899 01/23/92 14:42 EST
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Publication:PR Newswire
Date:Jan 23, 1992
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