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CHRONIMED ANNOUNCES SIX MONTH AND SECOND QUARTER RESULTS

 MINNEAPOLIS, Jan. 26 /PRNewswire/ -- CHRONIMED INC. (NASDAQ: CHMD), today announced its second quarter and six month results for the period ended Dec. 31, 1992.
 For the six months ended Dec. 31, 1992 CHRONIMED reported net income of $801,550, up 162 percent from $305,798 posted for the same period in fiscal 1992. Income per share was also up, to $.13 for the six-month period compared to $.08 for the same period in fiscal 1992 on a 60 percent increase in shares outstanding. Revenue for this six-month period was $15.38 million, up 58 percent from $9.76 million for the fiscal 1992 period.
 CHRONIMED reported net income for the three months ended Dec. 31, 1992 of $508,734, up 158 percent from $196,968 for the second quarter of fiscal 1992. Revenue for the quarter was $8.96 million, up 61 percent from $5.55 million in fiscal 1992.
 Income per share was $.08 for the quarter compared to $.05 for the previous year. Quarterly weighted average common and equivalent shares outstanding increased from 4.02 million a year earlier to 6.51 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)
 Three Months Ended Six Months Ended
 12/31/92 12/31/91 12/31/92 12/31/91
 Revenue $8,958 $5,552 $15,381 $9,762
 Percent increase 61 -- 58 --
 Net income $509 $197 $802 $306
 Percent increase 158 -- 162 --
 Net income per share $.08 $.05 $.13 $.08
 Weighted average common and
 common equivalent shares
 outstanding (000s) 6,510 4,019 6,391 3,995
 -0- 1/26/93
 /CONTACT: Maurice R. Taylor II of CHRONIMED, 612-541-0239/
 (CHMD)


CO: Chronimed Inc. ST: Minnesota IN: MTC SU: ERN

AL -- MN014 -- 9240 01/26/93 16:02 EST
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Publication:PR Newswire
Date:Jan 26, 1993
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