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DH TECHNOLOGY ANNOUNCES EARNINGS

 SAN DIEGO, Feb. 9 /PRNewswire/ -- DH Technology (NASDAQ: DHTK) announced today that net income was $1,373,000, or $.27 per share, for the quarter ended Dec. 31, 1992, compared to $1,333,000, or $.27 per share, for the quarter ended Dec. 31, 1991. Revenues for the quarter were $12,514,000 compared to $13,003,000 for the same period last year.
 For the 12 months ended Dec. 31, 1992, net income rose 25 percent to $5,790,000, or $1.12 per share, compared to net income of $4,638,000, or $.93 per share for the year ended Dec. 31, 1991. Revenue for 1992 of $54,170,000 represents a 16 percent increase over 1991 revenue of $46,546,000.
 For the fourth quarter ended Dec. 31, 1992, revenue and pre-tax income were affected by the company's decision to limit the amount of shipments to two significant customers for credit reasons. The company also experienced a favorable adjustment to its income tax provision in the fourth quarter as a result of calculating taxes under the deferred liability method in accordance with Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes."
 William H. Gibbs, chief executive officer, stated, "We are pleased with our results for 1992. Despite a lingering recession, the company was able to improve revenue and earnings even as it was increasing spending on new product development. We believe our investment in new product development, our strong balance sheet and our acquisition strategy will provide a sound foundation for long- term growth and profitability for the future."
 DH Technology manufactures and distributes specialty printers and printer components. The company's products provide printing solutions for a wide variety of applications such as airline ticketing, freight forwarding labels, point of sale and gasoline vending receipts, data processing reports, banking transaction processing, bar codes, lottery tickets and multipart forms. The company uses a broad range of printing technologies including thermal, impact, laser and ink jet to serve these markets and applications.
 For additional information, contact Janet W. Shanks, chief accounting officer, DH Technology Inc., 15070 Avenue of Science, San Diego, CA 92128, 619-451-3485.
 DH TECHNOLOGY
 Consolidated Income Statement Highlights
 (Amounts in thousands except per share amounts)
 Three Months Ended Twelve Months Ended
 Percent Percent
 1992 1991 Change 1992 1991 Change
 Revenues $12,514 $13,003 -3.8 pct $54,170 $46,546 16.4 pct
 Pre-tax
 income $1,603 $1,972 -18.7 pct $8,042 $6,782 18.6 pct
 Net income $1,373 $1,333 3.0 pct $5,790 $4,638 24.8 pct
 EPS $.27 $.27 0.0 pct $1.12 $.93 20.4 pct
 Avg common
 shares O/S 5,163 5,022 2.8 pct 5,166 4,987 3.5 pct
 DH TECHNOLOGY
 Consolidated Balance Sheet -- Summary
 (In thousands)
 Dec. 31, 1992 Dec. 31, 1991
 Cash and cash equivalents $26,671 $22,289
 Other current assets 14,331 13,284
 Fixed assets (net) 4,254 4,731
 Intangibles 2,458 2,861
 Other assets 448 948
 Total assets $48,162 $44,113
 Current liabilities $6,455 $7,894
 Other liabilities 1,805 2,688
 Shareholders' equity 39,902 33,531
 Total liabilities and shareholders'
 equity $48,162 $44,113
 -0- 2/9/93
 /CONTACT: Janet W. Shanks, CAO of DH Technology, 619-451-3485/
 (DHTK)


CO: DH Technology ST: California IN: CPR SU: ERN

JB-KJ -- SD003 -- 4414 02/09/93 07:08 EST
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Date:Feb 9, 1993
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