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BIOSENSOR YEAR-END RESULTS

 MINNEAPOLIS, Aug. 26 /PRNewswire/ -- Biosensor Corporation announced sales revenues of $2,678,000 and earnings of $19,428 ($.01 per share) for the year ended May 31, 1993. This compares to sales revenues of $3,005,000 and revenues of $434,000 ($.16 per share) for the year ended May 31, 1992. The company believes the decrease in sales revenues and earnings is due in part to a general slow down in the diagnostic product capital market due to concerns by physicians in the United States and other worldwide markets about healthcare reforms. The decrease in revenues and earnings is also due to intensifying competition in the marketplace.
 Biosensor Corporation develops, manufactures and sells patient-worn cardiac monitoring products and other diagnostic systems to physicians' offices, clinics and medical centers in 10 countries.
 -0- 8/26/93
 /CONTACT: Michelle Hayden of Biosensor, 612-449-9100/


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

AL-DB -- MN012 -- 6385 08/26/93 17:39 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
Words:160
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