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DATAKEY, INC. REPORTS FIRST-QUARTER RESULTS

 MINNEAPOLIS, May 6 /PRNewswire/ -- Datakey, Inc. (NASDAQ-NMS: DKEY) today reported total revenue for the first quarter ended April 2, 1993, of $1,696,000, compared with $1,542,000 in the first quarter of 1992. Net income for the quarter was $102,000, or 3 cents per share, versus $162,000, or 5 cents per share, last year.
 John H. Underwood, chairman and chief executive officer, said, "Datakey's first-quarter sales were up 10 percent from the same period a year ago and also showed improvement over the last three quarters of 1992. This increase is in line with our projections and reflects progress in implementing Datakey's new growth plans. We expect continued improvement as the year goes on."
 Underwood added, "The decline in first-quarter earnings resulted from a combination of factors, including costs from new product development and resources added to support our new market thrusts. Earnings were also affected by lower interest income from our investments. We expect earnings to improve as we become more efficient at producing several newly introduced products and as their product volumes increase."
 Underwood concluded, "During 1992, Datakey developed a strategic plan for future growth. The main elements of this plan are: revitalizing our core OEM business; focusing on the key market segments of information security, access control and bulk dispensing/automatic identification; and forming strategic business alliances. We expect Datakey's sales and earnings to grow this year as we continue implementing this new plan and market-focused strategy."
 Datakey, Inc. designs, produces and markets specialty-class portable data carriers in the form of keys, cards and custom-shaped devices to OEMs in an applications-oriented marketplace. These small, semiconductor-memory-based, portable devices serve as a convenient way to provide machine-readable information for use in a variety of microprocessor-based equipment. The company's portable data devices are packaged to withstand the adverse elements found in transportable human environments. Datakey also designs, produces and markets supporting peripheral equipment for these portable data carrier devices. Shares of Datakey's common stock are traded on the NASDAQ/NMS under the symbol DKEY.
 DATAKEY, INC.
 Condensed Statements of Income
 (Unaudited)
 ($000s)
 First Quarter Ended
 4/2/93 3/27/92
 Total revenue $1,696 $1,542
 Costs and expenses:
 Cost of sales 907 723
 Research & development 211 269
 Sales & marketing 268 209
 General & administrative 220 192
 Total costs and expenses 1,606 1,393
 Operating income 90 149
 Interest income & other 63 105
 Net income before taxes 153 254
 Provision for taxes 51 92
 Net income $102 $162
 Earnings per share $.03 $.05
 Weighted average common shares 2,959,531 3,199,774
 SELECTED BALANCE SHEET DATA
 (Unaudited)
 ($000s)
 4/2/93 12/31/92
 Assets
 Cash & marketable securities $8,027 $8,150
 Other current assets 2,024 1,720
 Non current assets 1,268 1,160
 Total assets $11,319 $11,030
 Liabilities & equity
 Current liabilities 849 662
 Other liabilities 60 60
 Equity 10,410 10,308
 Total liabilities & equity $11,319 $11,030
 -0- 5/6/93
 /CONTACT: Marian Briggs of Padilla Speer Beardsley, 612-871-8877, for Datakey; or Alan Shuler, CFO of Datakey, 612-890-6850/
 (DKEY)


CO: Datakey, Inc. ST: Minnesota IN: SU: ERN

AL -- MN022 -- 5615 05/06/93 16:05 EDT
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Date:May 6, 1993
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