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DCX INC. REPORTS FOURTH QUARTER AND ANNUAL EARNINGS

 FRANKTOWN, Colo., Jan. 4 /PRNewswire/ -- DCX Inc. (NASDAQ: DCXI) today announced 1992 fourth quarter net income of $.14 per share for the quarter ended Sept. 30, 1992. The company's extraordinary income of $402,000 boosted flat fourth quarter operating income from $7,112 to $409,112. On an annual basis, the gain on a portion of its contract termination settlement moved a net loss of $117,221 before taxes to net income of $284,779, or $.10 per share, down from $.17 per share for 1991. Company President Jeanne M. Anderson indicated she is pleased that the settlement process on the terminated contracts is moving forward and beginning to appear in the financial statements. She attributed decreased earnings to the company's financial and manhour investments in statistical process control and total quality management programs and to production slippages ordered by a major customer resulting from uncertainties about post-election defense budgets which also affected annual sales.
 According to its financial statements, the company may record as much as $1.3 million in additional gains on the contract termination settlements over amounts presently in its accounts if all proposed settlement amounts are received from the government. Company sources indicated a decision on the third contract has not yet been rendered, and the probable outcome is viewed very optimistically by the company. The company is actively pursuing strategic alliances as a supplier of commercial products.
 DCX Inc. is a custom engineering designer and manufacturer of high reliability electronic interconnect cable assemblies, wire harnesses and electro-mechanical devices used in aerospace, defense and industry. The company has assets of $7.4 million, up from $6.6 million last year, and shareholder equity of $3,880,491; its 2,959,569 common shares outstanding at a year-end traded on NASDAQ.
 DCX INC.
 Financial Summary
 12 Months Fourth Quarter
 1992 1991 1992 1991
 Net sales $1,891,816 $2,668,875 $546,173 $442,441
 Gross profit 477,771 973,262 154,503 128,751
 Income (loss) from
 operations before
 corporate income
 taxes (117,221) 466,468 7,112 15,559
 Income (loss) from
 operations before
 corporate income
 taxes per share ($.04) $.17 nil $.01
 Extraordinary items 402,000 185,252 402,000 185,252
 Net income (loss) 284,779 463,989 409,112 13,120
 Operating income
 (loss) per share ($.04) $.10 nil $.005
 Extraordinary items
 per share .14 .07 .14 .07
 Net income per share $.10 $.17 $.14 $.07
 -0- 1/4/93
 /CONTACT: Fred Beisser, CFO of DCX, 303-688-6070 or (home) 303-841-0942/
 (DCXI)


CO: DCX Inc. ST: Colorado IN: ARO CPR SU: ERN

KJ-LS -- LA007 -- 1154 01/04/93 08:16 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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