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DH TECHNOLOGY REPORTS EARNINGS

 DH TECHNOLOGY REPORTS EARNINGS
 SAN DIEGO, July 16 /PRNewswire/ -- DH Technology (NASDAQ: DHTK)


announced today that net income increased 39 percent over the same period a year ago. Net income rose to $1,505,000, or $.29 per share, for the quarter ended June 30, 1992, compared to $1,079,000, or $.22 per share, for the quarter ended June 30, 1991.
 Revenues for the quarter increased 23 percent to $14,368,000 as compared to $11,714,000 for the same period last year primarily as a result of increased shipments of the company's products.
 William H. Gibbs, chief executive officer, stated, "With our increased spending on new products and a lackluster economy, we are quite happy with our financial performance for the quarter ending June 30, 1992. We are continuing our increased product development activities with a view to long-term returns on these investments. We still have seen few signs of an economic rebound and will look to new products and new contracts to grow our businesses in the coming months."
 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 transactions processing, bar codes, lottery tickets and multipart forms. To serve these markets and applications, the company uses a broad range of printing technologies including thermal, impact, laser and ink jet.
 For additional information, contact M. Dean Gilliam, chief financial officer, DH Technology Inc., 15070 Avenue of Science, San Diego, CA 92128, 619-451-3485.
 DH TECHNOLOGY
 Income Statement Highlights
 (Amounts in thousands except per share amounts)
 Three months ended Six months ended
 Percent Percent
 1992 1991 change 1992 1991 change
 Revenues $14,368 $11,714 22.7 $27,261 $20,560 32.6
 Pre-tax
 income $2,195 $1,553 41.3 $4,206 $2,910 44.5
 Net income $1,505 $1,079 39.5 $2,888 $2,015 43.3
 EPS $.29 $.22 31.8 $.56 $.41 36.6
 Average common
 shares
 outstanding 5,186 4,995 3.8 5,173 4,975 4.0
 Consolidated Balance Sheet Summary
 (In thousands)
 June 30, Dec. 31,
 1992 1991
 Cash and cash equivalents $22,475 $22,289
 Other current assets 17,574 13,660
 Fixed assets (net) 4,596 4,731
 Intangibles 2,658 2,861
 Other assets 784 948
 Total assets $48,087 $44,489
 Current liabilities $8,562 $7,932
 Long-term debt 2,017 2,519
 Deferred tax liability 516 507
 Shareholders' equity 36,992 33,531
 Total liabilities and
 shareholders' equity $48,087 $44,489
 -0- 7/16/92
 /CONTACT: M. Dean Gilliam, CFO of DH Technology, 619-451-3485/
 (DHTK) CO: DH Technology Inc. ST: California IN: CPR SU: ERN


KJ-EH -- SD001 -- 9820 07/16/92 07:00 EDT
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Date:Jul 16, 1992
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