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DAEDALUS ANNOUNCES FIRST-QUARTER RESULTS

 ANN ARBOR, Mich., Dec. 13 /PRNewswire/ -- Daedalus Enterprises, Inc. (NASDAQ: DDEI) announced today a loss of approximately $76,000, $.15 per share, on revenue of $779,000 for the first quarter of fiscal 1994. These results compare to earnings of approximately $89,000, $.15 per share, on revenue of $1,779,000 for the first quarter of fiscal 1993.
 The company's backlog at Oct. 31, 1993, was approximately $1,834,000 compared to approximately $4,620,000 one year earlier. The majority of the Oct. 31, 1993, backlog is expected to be filled this fiscal year.
 Effective Aug. 1, 1993, the company changed from completed component to cost incurred as a percentage of the total estimated cost as the method for determining percentage completion for revenue recognition on standard product contracts. The cumulative effect of adopting this accounting change was a reduction in the net loss by approximately $22,000 or $.04 per share for the quarter ended Oct. 31, 1993.
 Daedalus Enterprises, Inc. is a leading developer and manufacturer of remote sensing instruments used for environmental measurement and monitoring.
 The company's stock is traded in the over-the-counter market under the symbol "DDEI."
 -0- 12/13/93
 /CONTACT: Vincent J. Killewald or Thomas R. Ory of Daedalus, 313-769-5649/
 (DDEI)


CO: Daedalus Enterprises, Inc. ST: Michigan IN: ENV SU: ERN

KE -- DE010 -- 3090 12/13/93 10:30 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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