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BROOKTROUT TECHNOLOGY ANNOUNCES THIRD QUARTER; REVENUES INCREASE 40 PERCENT, INCOME UP 43 PERCENT

 NEEDHAM, Mass., Oct. 21 /PRNewswire/ -- Brooktrout Technology, Inc. (NASDAQ: BRKT) today reported that revenues for the third quarter of 1993 increased 40 percent to $4,331,000 from $3,095,000 for the third quarter of 1992. The company also reported income before extraordinary items increased 43 percent to $311,000 (8 cents per share) from $217,000 (8 cents per share) for the same period in 1992. Earnings per share data in 1992 reflect the lower number of shares outstanding prior to the company's initial public offering in October 1992.
 Revenues for the nine months ended Sept. 30, 1993 were $12,611,000 compared to $8,682,000 for the same period 1992. Income before extraordinary items was $1,105,000 or 28 cents per share compared to $756,000 or 29 cents per share for the comparable period in 1992.
 Net income for the first quarter of 19a?s positively affected by recognition of a cumulative effect of change in accounting principles, FAS109 "Accounting for Income Taxes." Taking this item into account, net income for the first nine months of 1993 was $1,442,000 or 36 cents per share while the third quarter net income was $311,000 or 8 cents per share. For the first three quarters of 1992 net income was positively affected by extraordinary items reflecting the utilization of net operating loss carryforwards. As such, net income for the third quarter and first nine months of 1992 were $316,000 or 12 cents per share and $1,072,000 or 40 cents per share, respectively.
 During this quarter, Brooktrout received United Kingdom BABT telecom approval for its popular TR112 two channel fax board. The BABT approval will allow developers and VAR's in the UK to incorporate the TR112 in their systems. This approval will further strengthen Brooktrout's international marketing presence.
 Also this quarter Brooktrout began shipping a new generation of fax systems to Ricoh Corporation. The system is based upon the company's TR114 Universal port card with the base configuration of four ports expandable to 24 ports. Ricoh will market this Brooktrout product under Ricoh's brand name.
 Brooktrout is a technical and market leader in voice and facsimile messaging. The company supplies fax and voice processing boards to developers of enhanced fax and voice systems, and messaging systems to OEM customers. The company was the first to introduce multi-channel fax boards and combine voice and facsimile on a single board
 BROOKTROUT TECHNOLOGY, INC.
 Consolidated Statements Of Income
 (unaudited, in thousands, except per share data)
 Quarter Ended Year to Date
 Sept. 30, Sept. 30, Sept. 30, Sept. 30,
 1993 1992 1993 1992
 Revenues $4,331 $3,095 $12,611 $8,682
 Cost and Expenses:
 Cost of product sold $2,245 $1,503 $6,230 $4,138
 Research and development $631 $478 $1,839 $1,310
 Selling, general and
 admin. $1,078 $765 $3,093 $2,003
 Income from operations $377 $349 $1,449 $1,231
 Interest income/expense-net $125 $13 $350 $30
 Income before income tax
 provision and extraordinary
 items $502 $362 $1,799 $1,261
 Income tax provision $191 $145 $694 $505
 Income before extraordinary
 items $311 $217 $1,105 $756
 Extraordinary items $0 $99 $0 $316
 Cumulative effect of change
 in accounting principle $0 $0 $337 $0
 Net income $311 $316 $1,442 $1,072
 Income per common share:
 Income before extraordinary
 items and cumulative
 effect of change
 in accounting principle $0.08 $0.08 $0.28 $0.29
 Net income $0.08 $0.12 $0.36 $0.40
 Weighted average number of
 common and common equivalent
 shares outstanding 4,059 2,628 4,021 2,651
 Selected Consolidated Balance Sheet Data
 (unaudited, in thousands)
 Sept. 30, 1993 Dec. 31, 1992
 Cash & equivalents $6,358 $15,766
 Marketable securities $8,719 $0
 Accounts receivable $2,476 $1,242
 Inventory $1,888 $822
 Deferred tax asset $188 $0
 Other current assets $105 $134
 Equipment and furniture-net $555 $347
 Other assets $410 $11
 Current liabilities $3,428 $2,580
 Stockholders' equity $17,177 $15,616
 -0- 10/21/93
 /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

DJ -- NE021 -- 5410 10/21/93 16:07 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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