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CHRONIMED ANNOUNCES FIRST QUARTER RESULTS

 CHRONIMED ANNOUNCES FIRST QUARTER RESULTS
 MINNEAPOLIS, Oct. 28 /PRNewswire/ -- Chronimed Inc. (NASDAQ: CHMD),


today announced its first quarter results for the period ended Sept. 30, 1992.
 Chronimed reported net income for the quarter of $292,816, up from $108,830 for the first quarter of fiscal 1993. Revenue for the quarter was $6.4 million, up 53 percent from $4.2 million in fiscal 1992.
 Income per share was $.05 for the quarter compared to $.03 for the prior year. Quarterly weighted average common and equivalent shares outstanding increased from 3.94 million a year earlier to 6.36 million this quarter principally due to the company's initial public offering in March 1992.
 Chronimed Inc. is a Minnesota-based distributor of prescription drugs, medical and nutritional products and proprietary educational materials by mail order to people with chronic health conditions.
 CHRONIMED INC.
 (In thousands, except per share data)
 First Quarter Ended
 9/30/92 9/30/91
 Revenue $6,423 $4,210
 Percent change 53 --
 Net income (loss) $293 $109
 Net income (loss) per share $.05 $.03
 Weighted average common and
 equivalent shares
 outstanding (000s) 6,357 3,944
 -0- 10/28/92
 /CONTACT: Maurice R. Taylor II of Chronimed, 612-541-0239/
 (CHMD) CO: Chronimed Inc. ST: Minnesota IN: MTC SU: ERN


AL -- MN025 -- 6211 10/28/92 16:22 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 28, 1992
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