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BROOKTROUT TECHNOLOGY ANNOUNCES FIRST QUARTER 1993 RESULTS; REVENUES INCREASE 45 PERCENT

 NEEDHAM, Mass., April 28 /PRNewswire/ -- Brooktrout Technology, Inc. (NASDAQ: BRKT) today reported that revenues for the first quarter of 1993 increased 45 percent to $3,622,000 from $2,499,000 for the first quarter of 1992. The company also reported income before extraordinary items increased 45 percent to $318,000 or 8 cents per share from $220,000 or 8 cents per share for the same period in 1992. Net income was $655,000 or 16 cents per share as compared to $299,000 or 11 cents per share for the same period the previous year.
 The company adopted the provisions of SFAS 109 "Accounting for Income Taxes" on a prospective basis as of Jan. 1, 1993. The cumulative benefit of the adoption was $337,000, which the company recognized in the first quarter of 1993.
 During this quarter, the company finalized the terms to acquire DAFcom Corporation, a Dallas-based start-up which produces fax routing products for private data networks. This represents a significant step in Brooktrout's acquisition of important technology focused on private networks.
 Brooktrout is a market and technical leader in voice and facsimile messaging. The company was the first to introduce multi-channel fax cards, combine voice and facsimile on a single card, use Direct Inward Dial (DID) for autorouting of facsimile messaging, and provide facsimile support for UNIX platforms.
 BROOKTROUT TECHNOLOGY, INC.
 Consolidated Statements Of Income
 (unaudited, in thousands, except per share data)
 Quarter Ended
 March 31, 1993 March 31, 1992
 Revenues $3,622 $2,499
 Cost and Expenses:
 Cost of product sold 1,710 1,175
 Research and development 566 409
 Selling, general and admin. 919 563
 Income from operations 427 352
 Interest income/expense - net 107 14
 Income before income tax provision
 and extraordinary items 534 366
 Income tax provision 216 146
 Income before extraordinary items 318 220
 Extraordinary items --- 79
 Cumulative effect of change in
 accounting principle 337 ---
 Net income 655 299
 Income per common share:
 Income before extraordinary items
 and cumulative effect of change
 in accounting principle 8 cents 8 cents
 Net income 16 cents 11 cents
 Weighted average number of
 common and common equivalent
 shares outstanding 4,060 2,649
 SELECTED CONSOLIDATED BALANCE SHEET DATA
 (unaudited, in thousands)
 March 31, 1993 March 31, 1992
 Cash and equivalents $12,651 $2,013
 Marketable securities 3,023 ---
 Accounts receivable 1,454 967
 Inventory 1,325 768
 Deferred tax asset 296 ---
 Other current assets 185 91
 Equipment and furniture - net 395 143
 Other assets 11 11
 Current liabilities 2,938 2,213
 Redeemable convertible preferred --- 1,873
 Stockholders' equity (deficiency) 16,287 (271)
 -0- 4/28/93
 /CONTACT: Bob Leahy of Brooktrout Technology, Inc. 617-449-4100, ext. 226; Maria Doyle of Rourke & Company, 617-267-0042, ext. 314, for Brooktrout Technology/
 (BRKT)


CO: Brooktrout Technology ST: Massachusetts IN: CPR SU: ERN

CH -- NE016 -- 2219 04/28/93 16:00 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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