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COOPER DEVELOPMENT REPORTS SECOND QUARTER RESULTS

 COOPER DEVELOPMENT REPORTS SECOND QUARTER RESULTS
 MOUNTAIN VIEW, Calif., June 16 /PRNewswire/ -- Cooper Development


Co. (NASDAQ: COOL) reported today that net sales for the second quarter ended April 30, 1992 were $8,608,000 compared with $3,835,000 in the same period a year ago. The company reported a net loss for the second quarter ended April 30, 1992, of $1,430,000 or $.59 per share compared with a net loss of $863,000 or $.26 per share for the same quarter a year ago.
 The company also reported that net sales for the six months ended April 30, 1992, were $14,112,000 compared with $6,614,000 in the prior year period and that the net loss for the first six months of fiscal 1992 was $3,760,000 or $1.55 per share compared with a net loss of $2,380,000 or $.73 per share for the same period a year ago.
 Subsequent to the close of the second quarter the company acquired Cooper Cosmetics S.A., a Swiss company, in exchange for the cancellation of a Promissory note in the principal amount of $500,000 and the assumption of certain other liabilities relating to the business. Cooper Cosmetics develops skin care products which it licenses to distributors throughout Europe and will be consolidated with Cabot, the company's skin care subsidiary.
 Cooper Development Co. develops healthcare products businesses.
 COOPER DEVELOPMENT COMPANY AND SUBSIDIARIES
 Consolidated Condensed Statements of Operations
 (In thousands, except per share figures)
 (Unaudited)
 Three Months Ended Six Months Ended
 April 30, April 30,
 1992 1991 1992 1991
 Net sales $8,608 $3,835 $14,112 $6,614
 Cost of sales 3,854 1,709 6,358 3,073
 Gross profit 4,754 2,126 7,754 3,541
 Research and
 development 219 142 460 287
 Selling, general
 and administrative 4,953 2,283 9,151 4,458
 Amortization of
 intangibles 949 660 1,882 1,322
 Operating loss (1,367) (959) (3,739) (2,526)
 Other income (expense),
 net (46) 109 13 128
 Loss from operations
 before income taxes
 and minority interest (1,413) (850) (3,726) (2,398)
 Provision for income
 tax expense (17) (13) (34) (27)
 Minority interest in net
 loss of Revo -- -- -- 45
 Net loss $(1,430) $(863) $(3,760) $(2,380)
 Net loss per share $(.59) $(.2 ? $(1.55) $(.73)
 Weighted average number
 of shares outstanding
 during the period 2,420 3,258 2,420 3,258
 COOPER DEVELOPMENT COMPANY AND SUBSIDIARIES
 Consolidated Condensed Balance Sheets
 (In thousands)
 (Unaudited)
 April 30, Oct. 31
 1992 1991
 Assets
 Current assets:
 Cash and cash equivalents $2,732 $6,857
 Restricted cash 903 1,027
 Other current assets 10,295 8,573
 Total current assets 13,930 16,457
 Intangible assets net 9,878 11,757
 Other assets 2,021 1,523
 Total assets $25,829 $29,737
 Liabilities and Stockholders' Equity
 Current liabilities:
 Accrued expenses $5,518 $5,616
 Other current liabilities 3,859 3,344
 Total current liabilities 9,377 8,960
 Other long-term liabilities 8,098 8,732
 Total liabilities 17,475 17,692
 Stockholders' equity:
 Common stock 326 326
 Additional paid-in capital 66,557 66,557
 Foreign currency translation
 adjustments 538 469
 Accumulated deficit (54,405) (50,645)
 Cost of shares held in treasury (4,662) (4,662)
 Total stockholders' equity 8,354 12,045
 Total liabilities and stockholders'
 equity $25,829 $29,737
 -0- 6/16/92
 /CONTACT: CO: Cooper Develpment Co. ST: IN: SU: ERN


RM -- SJ007 -- 0863 06/16/92 17:31 EDT
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Date:Jun 16, 1992
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