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BIOSENSOR ANNOUNCES THIRD QUARTER RESULTS

 MINNEAPOLIS, April 13 /PRNewswire/ -- Biosensor Corporation announces sales revenues of $617,000 and earnings of $6,000 ($.00 per share) for the third quarter ended Feb. 28, 1993. In the third quarter ended Feb. 29, 1992, sales revenues were $708,000 and earnings were $59,000 ($.02 per share). For the nine months ended Feb. 28, 1993, sales revenues were $2,033,000 and earnings were $54,000 ($.02 per share) compared to revenues of $2,191,470 and earnings of $355,000 ($.13 per share) for the nine months ended Feb. 29, 1993.
 The company believes a general slowdown in the medical diagnostic capital equipment market and intensifying competition are responsible for the decrease in revenues and reduction in earnings. Physicians in the United States and Germany have been reacting to concerns about health care reforms in those countries, with subsequent reductions in major equipment purchase levels. Despite the current environment, the company believes it remains one of the more profitable companies in its industry.
 Biosensor Corporation develops, manufactures and sells patient-worn cardiac monitoring products to physicians' offices, clinics and medical centers in 15 countries. Patients typically wear the Biosensor analyzer like a Walkman radio for a day. During normal daily activities, Biosensor's microcomputer unit automatically analyzes more than 20 abnormalities which later can be printed on an IBM-PC or compatible. Biosensor has been diversifying its product offerings by adding additional IBM-PC compatible medical diagnostic products to its line, using both its own product development and OEM relationships.
 BIOSENSOR CORPORATION
 CONDENSED STATEMENT OF OPERATIONS
 Third Quarter Ended
 2/28/93 2/29/92
 Sales $617,000 $708,000
 Net income $6,000 $59,000
 Income per share $.00 $.02
 Nine Months Ended
 2/28/93 2/29/92
 Sales $2,033,000 $2,191,000
 Net income $54,000 $355,000
 Income per share $.02 $.13
 -0- 4/13/93
 /CONTACT: Steve Springrose of Biosensor, 612-449-9100/


CO: Biosensor Corporation ST: Minnesota IN: MTC SU: ERN

KH -- MN015 -- 5402 04/13/93 17:05 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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