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DH TECHNOLOGY REPORTS RESULTS

 DH TECHNOLOGY REPORTS RESULTS
 SAN DIEGO, April 15 /PRNewswire/ -- DH Technology (NASDAQ: DHTK)


announced today that net income increased 47 percent over the same period a year ago. Net income rose to $1,375,000, or $.27 per share for the quarter ended March 31, 1992 compared to $936,000, or $.19 per share for the quarter ended March 31, 1991.
 Revenues for the quarter increased 46 percent to $12,893,000 as compared to $8,845,000 for the same period last year primarily as a result of increased sales of the company's established businesses and sales associated with the company's recent acquisitions.
 William H. Gibbs, chief executive officer, stated, "We are pleased with our first quarter results. These results are noteworthy since we have seen few signs of an economic rebound. In addition, we have increased our spending on new product development over last year. We believe that the successful introductions of our new products, together with an increase in economic activity, will lead to long-term growth for DH Technology."
 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
 (In thousands, except per share data)
 Three months ended
 March 31, Percent
 1992 1991 Change
 Revenues $12,893 $8,846 45.7 pct.
 Pre-tax income $2,003 $1,357 47.6 pct.
 Net income $1,375 $936 46.9 pct.
 EPS $.27 $.19 42.1 pct.
 Average common
 shares outstanding 5,160 4,954 4.2 pct.
 DH TECHNOLOGY
 Consolidated Balance Sheet Summary
 (In thousands)
 March 31, Dec. 31,
 1992 1991
 Cash and cash equivalents $22,538 $22,289
 Other current assets 15,134 13,660
 Fixed assets (net) 4,614 4,731
 Intangibles 2,747 2,861
 Other assets 792 948
 Total assets $45,825 $44,489
 Current liabilities $8,037 $7,932
 Long-term debt 2,053 2,519
 Deferred tax liability 505 507
 Shareholders' equity $35,230 $33,531
 Total liabilities and
 shareholders' equity $45,825 $44,489
 -0- 4/15/92
 /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 -- 8473 04/15/92 07:49 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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