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BARRINGER TECHNOLOGIES ANNOUNCES FIRST-QUARTER RESULTS; REVENUES INCREASE 171 PERCENT

 BARRINGER TECHNOLOGIES ANNOUNCES FIRST-QUARTER RESULTS;
 REVENUES INCREASE 171 PERCENT
 SOUTH PLAINFIELD, N.J., May 15 /PRNewswire/ -- Barringer Technologies, Inc. (NASDAQ: BARR, BARRU, BARRW) today announced its results for the first quarter ended March 31, 1992.
 Revenues for the quarter were $1,153,000 as compared to revenues of $425,000 for the corresponding quarter last year, an increase of 171 percent. The net loss for the quarter was $182,000 as compared to the prior year's loss of $734,000.
 Stanley Binder, president, commented: "The increase in revenues and resultant improvement in the bottom line is due to the predicted increase in the sales of our IONSCAN drug and explosives detector product line. During the first quarter we shipped 11 units to domestic and international customers. We expect the pace of sales activity to increase as the year progresses, based upon the large number of pending orders that we are pursuing. However, we have been unable to predict with certainty the timing of receipt of those orders as our customers are government agencies."
 Headquartered in South Plainfield, Barringer Technologies, Inc. is a holding company with two operating entities. Barringer Instruments, Inc. develops, manufactures and markets specialty analytical instruments for security, law enforcement, exploration and environmental applications. Barringer Laboratories, Inc. (NASDAQ: BALB), 49 percent- owned, provides analytical testing services for the environmental and minerals industries.
 BARRINGER TECHNOLOGIES, INC.
 Results of Operations
 (Unaudited)
 Three months ended March 31 1992 1991
 Revenues $1,153,000 $425,000
 (Loss) from continuing operations (182,000) (533,000)
 Net (loss) (182,000) (734,000)
 Preferred dividend requirements 48,000 20,000
 Per share (loss) data:
 Continuing $(.03) $(.08)
 Held for sale -- (.03)
 Total (.03) (.11)
 Weighted average shares outstanding 7,988,000 6,733,000
 -0- 5/15/92
 /CONTACT: Stanley Binder, president of Barringer Technologies, 908-561-6000, or Leonardo Zangani of L.G. Zangani, 908-788-9660, for Barringer Technologies/
 (BARR) CO: Barringer Technologies Inc. ST: New Jersey IN: SU: ERN


TS-CK -- NY063 -- 0803 05/15/92 14:06 EDT
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Publication:PR Newswire
Date:May 15, 1992
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