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COMPUTER DEVICES, INC. REPORTS 1992 THIRD QUARTER RESULTS

 COMPUTER DEVICES, INC. REPORTS 1992 THIRD QUARTER RESULTS
 NUTTING LAKE, Mass., Nov. 5 /PRNewswire/ -- Computer Devices, Inc. reported losses of $39,000 and $160,000 for the quarter and nine months ended September 1992 vs. losses of $20,000 and $260,000 for the quarter and nine months ended September 1991. Total revenues amounted to $802,000 and $2,282,000 respectively for the 1992 periods vs. $803,000 and $1,841,000 for 1991. Operating expenses during 1992 and 1991 include research and development expenses of $65,000 and $184,000 respectively, which were directly related to the operations of Neuro- Therapeutics, Inc. a development stage company acquired in January 1989.
 COMPUTER DEVICES, INC. AND SUBSIDIARY
 Comparative Consolidated Summary of Income
 (000's omitted except for per share amounts)
 Three Months Ended Nine Months Ended
 September September
 1992 1991 1992 1991
 Revenues $802 $803 $2,282 $1,841
 Cost of revenues 652 545 1,839 1,194
 Gross margin 150 258 443 647
 Operating expenses 198 297 648 981
 Operating loss (48) (39) (205) (334)
 Interest and other
 income 9 19 45 74
 Net loss $(39) $(20) $(160) $(260)
 Net loss per share (1 cent) (1 cent) (5 cents) (8 cents)
 Average number of
 common and common
 equivalent shares
 outstanding 3,353 3,350 3,353 3,350
 -0- 11/5/92
 /CONTACT: Eb Rau of Computer Devices, 508-663-4980/ CO: Computer Devices, Inc. ST: Massachusetts IN: CPR SU: ERN


CH -- NE022 -- 7881 11/05/92 16:02 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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