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CODE-ALARM ANNOUNCES 1992 FINANCIAL RESULTS

 MADISON HEIGHTS, Mich., March 19 /PRNewswire/ -- Code-Alarm, Inc. (NASDAQ-NMS: CODL) today announced its financial results for the year ended Dec. 31, 1992. Code-Alarm, Inc. reports a net loss of $2,901,000, or $1.16 per share, compared with a net loss of $622,000, or $.24 per share, for the year ended Dec. 31, 1991.
 The results for 1992 were adversely affected by one-time charges for unusable inventory, doubtful receivables, and restructuring related to the earlier acquisitions of Anes Security, Inc., Chapman Security Systems, Inc., and Tessco Group, Inc. during 1989 and 1990.
 Rand Mueller, president, chairman and CEO of Code-Alarm, Inc., stated that "although earnings results were disappointing, we are pleased that the last months of the year and the early part of 1993 have shown favorable trends in sales, and we expect continuing improvement throughout the year."
 CODE-ALARM, INC.
 COMPARATIVE STATEMENT OF EARNINGS
 Year Ended Dec. 31
 1992 1991
 Net sales $45,685,000 $43,572,000
 Net income ($2,901,000) ($622,000)
 Net income per share ($1.16) ($.24)
 Weighted average shares 2,494,797 2,552,996
 -0- 3/19/93
 /CONTACT: Kenneth Mueller, director of investor relations, or Chris Quarton, executive assistant, Code-Alarm, Inc., 313-583-9620/
 (CODL)


CO: Code-Alarm, Inc. ST: Michigan IN: AUT SU: ERN

JG -- DE023 -- 8076 03/19/93 17:34 EST
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Publication:PR Newswire
Date:Mar 19, 1993
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