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BRAJDAS REPORTS RESULTS

 SANTA CLARA, Calif., Jan. 7 /PRNewswire/ -- Brajdas Corp. (OTC) today announced a significant reduction in its loss position for its third quarter and nine months ended Nov. 28, 1992. The company's net loss for the quarter was $339,000, or $.03 per share, compared with a net loss of $2,162,000, or $.42 per share, on fewer shares outstanding, for the same period a year ago. Sales for the quarter declined to $9,938,000 from $10,856,000 for the prior year's corresponding quarter. The sales decline reflects the company's decision to focus its sales efforts and to carry fewer component lines.
 The net loss for the nine months ended Nov. 28, 1992, was reduced to $2,266,000, or $.23 per share, from $5,614,000, or $1.57 per share, on fewer shares outstanding in the prior-year period. Operating losses in the fiscal 1993 period include a $746,000 writeoff in previously deferred merger expenses.
 Sales for the current nine months were $30,366,000 vs. $31,332,000 a year ago.
 Brajdas Corp. is primarily engaged in the wholesale distribution of electronic components through its principal division, Cypress Electronics, which is based in Santa Clara.
 BRAJDAS CORP.
 Statement of Operations
 (Unaudited)
 For the Three Months Ended For the Nine Months Ended
 Nov. 28, Nov. 30, Nov. 28, Nov. 30,
 1992 1991 1992 1991
 Sales $9,937,627 $10,855,528 $30,365,602 $31,332,234
 Cost of
 sales 7,667,056 9,974,106 23,301,200 28,053,911
 Gross
 profit 2,270,571 881,422 7,064,402 3,278,323
 Selling,
 general
 and adminis-
 trative 2,370,445 2,698,033 7,872,300 7,674,153
 Operating
 income
 (loss) (99,874) (1,816,611) (807,898) (4,395,830)
 Other
 income
 (expenses)
 Interest
 expense (239,232) (345,409) (705,521) (1,218,082)
 Other
 income
 (expenses) --- --- (6,675) ---
 Writeoff
 deferred
 merger
 expenses --- --- (745,573) ---
 Other
 expenses,
 net (239,232) (345,409) (1,457,769) (1,218,082)
 Net loss ($339,106) ($2,162,020) ($2,265,667) ($5,613,912)
 Loss per
 common
 share ($0.03) ($0.42) $(0.23) ($1.57)
 Weighted
 average
 number
 of common
 shares out-
 standing 9,715,684 5,115,684 9,715,684 3,582,351
 -0- 1/7/93
 /CONTACT: Donald I. Zimmerman of Brajdas, 415-461-2440; or Cecilia A. Wilkinson or Susan Klein of Pondel Parsons & Wilkinson, 310-207-9300, for Brajdas/


CO: Brajdas Corp. ST: California IN: CPR SU: ERN

KJ-JB -- LA011 -- 2511 01/07/93 09:05 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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