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BARRINGER LABORATORIES ANNOUNCES FIRST QUARTER 1992 RESULTS

 BARRINGER LABORATORIES ANNOUNCES FIRST QUARTER 1992 RESULTS
 GOLDEN, Colo., May 15 /PRNewswire/ -- Barringer Laboratories, Inc. (NASDAQ: BALB) announced its results for the first quarter ended March 31, 1992. Revenues for the first quarter were $1,748,000 as compared to revenues of $1,505,000 for the corresponding quarter last year. Net loss was $279,000 as compared to a net loss of $564,000, an increase of 16 percent, for the corresponding quarter last year.
 In commenting about the results, Walker, Barringer's CEO, said, "The increase in sales and the improvement in net loss is attributable to its U.S. operations, where sales increased 34 percent. This sales increase was the result of the company's two year investment to increase radiochemistry capabilities, quality assurance/control programs, and enhanced selling/marketing effort. The improvement in net loss was due to increased production efficiencies resulting from the company's investment in state-of-the-art laboratory equipment and radiochemistry capabilities."
 Walker stated that sales will continue to strengthen throughout the remainder of the year. With this increased sales volume, the bottom line should continue to improve.
 Barringer Laboratories, Inc., provides environmental analytical testing services for waste management, hydrocarbon, nuclear, and mining industries and assay/geochemical testing services for the mining industries.
 The following comparative table depicts the results for the first quarter.
 BARRINGER LABORATORIES
 Condensed Results of Operations
 (unaudited)
 Three months ended March 31 1992 1991
 Revenues $1,748,000 $1,505,000
 Net income (loss) (279,000) (564,000)
 Per share data: (.13) (.26)
 Weighted average shares outstanding 2,193,113 2,183,333
 -0- 5/15/92
 /CONTACT: Robert Walker, CEO, 303-377-1687, or Stanley Binder, CFO, 908-561-6000, both of Barringer/
 (BALB) CO: Barringer Laboratories, Inc. ST: Colorado IN: SU: ERN


KD -- NY095 -- 0934 05/15/92 16:33 EDT
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Publication:PR Newswire
Date:May 15, 1992
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