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COMMUNICATIONS SYSTEMS ANNOUNCES SECOND QUARTER RESULTS

 COMMUNICATIONS SYSTEMS ANNOUNCES SECOND QUARTER RESULTS
 HECTOR, Minn., July 28 /PRNewswire/ -- Communications Systems, Inc.


(CSI) (NASDAQ: CSII) today announced revenues and net income for the second quarter and six months ended June 30, 1992.
 Revenues for the second quarter and six months ended June 30, 1992, were $14,490,000 and $28,022,000, respectively, up 53 percent from the same periods of 1991. Revenues of Austin Taylor Communications, Ltd., which was acquired effective Feb. 1, 1992, were $4,112,000 through June 30, 1992.
 Net income for the second quarter and six months was $1,280,000 and $2,485,000, respectively, up 12 percent and 18 percent from the same periods in 1991.
 The company also announced that the planned stock rights offering related to the launching of a cable television venture, North American Communications Corporation, as a separate public company is under reconsideration due to concerns about the appropriateness of CSI investing in cable television.
 CSI, headquartered in Hector, is principally engaged in the manufacture and sale of connecting devices for telephone equipment.
 COMMUNICATIONS SYSTEMS, INC.
 CONSOLIDATED SUMMARY OF EARNINGS
 Three Months Ended Percent
 6/30/92 6/30/91 Increase
 Revenues $14,489,946 $9,463,032 53
 Operating income 1,572,935 1,303,174 21
 Income before income taxes 1,630,356 1,468,131 11
 Income taxes 350,000 325,000 8
 Net income $1,280,356 $1,143,131 12
 Net income per share $.29 $.26 12
 Average shares outstanding 4,439,000 4,390,000 --
 Six Months Ended Percent
 6/30/92 6/30/91 Increase
 Revenues $28,022,127 $18,334,622 53
 Operating income 3,124,596 2,339,215 34
 Income before income taxes 3,284,656 2,726,428 20
 Income taxes 800,000 625,000 28
 Net income $2,484,656 $2,101,428 18
 Net income per share $.56 $.48 17
 Average shares outstanding 4,441,000 4,392,000 --
 -0- 7/28/92
 /CONTACT: Curtis A. Sampson, Paul N. Hanson or Avis J. Johnson, all of CSI, 612-848-6231/
 (CSII) CO: Communications Systems, Inc.; Austin Taylor Communications, Ltd. ST: Minnesota IN: TLS SU: ERN


KH -- MN005 -- 4006 07/28/92 10:54 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
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