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DCX REPORTS FOURTH QUARTER AND ANNUAL EARNINGS

 FRANKTOWN, Colo., Jan. 3 /PRNewswire/ -- DCX Inc. (NASDAQ: DCXI) today reported a net operating loss of $794,460, or 25 cents a share, for the fiscal year ended Sept. 30, 1993. The aerospace/defense industry subcontractor lost of $117,221, or 4 cents a share, from operations in the prior year.
 Not reflected in the operating results is $2.3 million in damages payments received from the U.S. Government during fiscal year 1993 as part of a litigation settlement. DCX is in the process of collecting the remainder ($3.0 million) of an anticipated total of $5.3 million in damages, of which up to $1.3 million is expected to be recorded as extraordinary income in the next 12 to 18 months.
 DCX president, Jeanne M. Anderson, said the 1993 loss is primarily attributable to uncertainties surrounding the new administration's defense budget, which for DCX resulted in lower volume, work stoppages and contract delays. Anderson noted that DCX currently has a backlog of $4.9 million, which she believes will increase as the defense industry's funding status becomes better defined. She also expects DCX to be a beneficiary of the industry's trend toward outsourcing, whereby downsizing prime contractors are turning projects over to subcontractors as a means of administrative control over manufacturing costs.
 DCX INC.
 1993 1992 1993 1992
 (12 Mos.) (12 Mos.) (4th Qtr.) (4th Qtr.)
 Net sales $764,153 $1,891,816 $148,284 $546,173
 Gross profit 72,122 477,771 39,827 154,503
 Income (loss) before
 corp inc taxes (794,460) (117,221) (392,059) 7,112
 Income (loss) before
 corp inc tax/sh $(.25) $(.04) $(.08) ---
 Extraordinary items --- 402,000 --- 402,000
 Net income (loss) (794,460) 284,779 (246,421) 409,112
 Operating inc
 (loss)/share (.25) (.04) (.08) ---
 Extraordinary
 items/share (.25) .14 --- .14
 Net income/share $(.25) $.10 $(.08) $.14
 -0- 1/3/94
 /CONTACT: Fred Beisser of DCX, 303-688-6070 or 303-378-0720; or Bruce Haun of B. Edward Haun Financial Communications, 303-595-4667/
 (DCXI)


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

BB -- DV003 -- 8552 01/03/94 14:24 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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