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BELMAC REPORTS THIRD QUARTER 1992 RESULTS; REVENUES TOP $5,000,000 FOR THE QUARTER

 BELMAC REPORTS THIRD QUARTER 1992 RESULTS;
 REVENUES TOP $5,000,000 FOR THE QUARTER
 TAMPA, Fla., May 4 /PRNewswire/ -- Belmac Corporation (AMEX: BLM) announced its results of operations for the third quarter ended March 31, 1992, reporting revenues of $5,009,000 compared with revenues of $3,027,000 for the previous quarter and zero for the same period last year. The company reported a net loss of $1,488,000 (13 cents per share) compared with the net loss of $1,937,000 (22 cents per share) for the previous quarter and a net loss of $548,000 (8 cents per share) for the same period last year.
 "We are obviously very pleased with these results," commented Jean-Francois Rossignol, the company's chairman and chief executive officer. "Revenues are up, our gross margin is up to 34 percent from 29 percent, and our net loss is down by over $450,000 or 9 cents per share from last quarter. These results and the successful launch of Biolid in France clearly indicate that we are moving in the right direction."
 Sales of Biolid, the company's new macrolide antibiotic, commenced in France in the middle of March, and contributed $415,000 to the quarter's total revenues. "We are very encouraged by initial results from the Biolid launch, particularly considering that the launch occurred after the traditional cold and flu season," added Rossignol. "We expect sales to grow as the marketing campaign moves into more advanced stages and as we approach the next flu season."
 Belmac Corporation is an emerging pharmaceutical company with its primary focus on anti-infective drugs.
 BELMAC CORPORATION
 Summary of Financial Information
 (In thousands, Unaudited)
 Three Months Ended
 3/31/92 12/31/92 3/31/91
 Revenues $5,009 $3,027 $0
 Gross Margin 1,737 889 0
 Selling, general and
 administrative expenses 2,034 2,128 374
 Research and development 1,190 766 166
 Net Loss ($1,488) ($1,937) ($548)
 Net Loss per Share ($0.13) ($0.22) ($0.08)
 -0- 5/4/92
 /CONTACT: Russell Ketchum, vice president of corporate communications of Belmac Corporation, 813-286-4401, or 800-877-6533/
 (BLM) CO: Belmac Corporation ST: Florida IN: MTC SU: ERN


SS-XX -- FL003 -- 5899 05/04/92 09:53 EDT
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Publication:PR Newswire
Date:May 4, 1992
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