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COMPUTER IDENTICS ANNOUNCES FIRST QUARTER 1992 RESULTS

 COMPUTER IDENTICS ANNOUNCES FIRST QUARTER 1992 RESULTS
 CANTON, Mass., April 20 /PRNewswire/ -- Computer Identics Corporation (NASDAQ: CIDN) reported its results today for the first quarter 1992.
 Net income for the three months ended March 31, 1992, was $235,000, or 2 cents per share, on revenue of $5,146,000. This compares with a net loss of $191,000 or 2 cents per share, reported for the same quarter of 1991 on revenues of $4,489,000.
 Frank J. Wezniak, president and chief executive officer, said, "Computer Identics is off to a good start in 1992 with a solid first quarter. Orders were strong in all of the company's geographical markets. In the U.S., the economy shows signs of slow improvement and capital projects are moving forward. In Europe there is some concern with a slowdown, especially in the United Kingdom. Business growth for the company's products in other parts of the world, especially Korea and Japan, was strong. Although still a small part of our total business, these markets are growing rapidly and our coverage through independent distributors is improving.
 "Several new products were introduced during the period, including the Model 42X series of industrial data collection terminals. The ruggedized member of the STARNODE(tm) family is intended for use in harsh industrial environments, an expanding market for us. In the scanner area a new dual input decoder, the Model 242, was introduced for certain OEM applications where several of the highly successful SCANSTAR(tm) 10 scanners are used, and where use of a single decoder saves space and money.
 "Strategic marketing relationships intended to broaden market penetration are being pursued. Our relationship with Telxon began positively, focusing on integration of their portable transaction processors into our STARNODE family. Also a new relationship with G.E. Fanuc, a leading supplier of programmable logic controller systems for industrial applications, was recently announced. The STARNODE products and network will serve as a data collection network that feeds data into the broader factory-wide G.E. Fanuc systems. Such relationships should help us to achieve greater acceptance, awareness and sales of Computer Identics products in this important marketplace."
 Computer Identics Corporation manufactures, markets and services bar code data collection terminals and systems for industrial and distribution control markets.
 Computer Identics Corporation
 First Quarter 1992 Financial Results
 (In thousands of dollars except per share data)
 (unaudited)
 Three months ended
 3/31/92 3/31/91
 Total revenue $5,146 $4,489
 Cost and expenses 4,829 4,626
 Income (loss) before
 provision for income taxes 317 (137)
 Provision for income taxes (82) (54)
 Net income (loss) 235 (191)
 Net income (loss) per share 2 cents (2 cents)
 Weighted average number of common
 and common equivalent shares
 outstanding 10,478,501 9,524,493
 -0- 4/20/92
 /CONTACT: Frank J. Wezniak, president, or Stephen D. Prendergast, vice president-finance & administration, of Computer Identics, 617-821-0830/
 (CIDN) CO: Computer Identics Corporation ST: Massachusetts IN: CPR SU: ERN


SH-PB -- NE012 -- 0179 04/20/92 15:22 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
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