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DH TECHNOLOGY REPORTS RESULTS

 SAN DIEGO, April 20 /PRNewswire/ -- DH Technology announced today that net income was $1,374,000, or $.27 per share, for the quarter ended March 31, 1993, compared to $1,375,000, or $.27 per share, for the quarter ended March 31, 1992. Revenues for the quarter were $12,446,000, compared to $12,893,000 for the same period last year.
 Gross margin, as a percentage of product sales, increased from 38.0 percent in the first quarter of 1992 to 39.5 percent in the first quarter of 1993. This improvement in gross margin was achieved primarily because of changes in the product mix that was shipped by DHPrint, the company's specialty printer division.
 William H. Gibbs, chief executive officer, stated, "We believe our financial results reflect solid performance by the company at the current revenue level. We continue to invest in new product development. The company is focusing on increasing sales by expanding its product lines and marketing channels. As a result, we have seen some strengthening in the second quarter backlog. We continue to be optimistic that these actions will have a favorable long-range impact on our revenue and earnings growth."
 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.
 DH TECHNOLOGY
 Consolidated Income Statement Highlights
 Three Months Ended March 31, 1993
 (Amounts in thousands except per share amounts)
 1993 1992 Pct Change
 Revenues $12,446 $12,893 -3.5 pct
 Pre-tax income $1,958 $2,003 -2.2 pct
 Net income $1,374 $1,375 -0.1 pct
 EPS $.27 $.27 0.0 pct
 Average common shares
 outstanding 5,171 5,160 0.2 pct
 DH TECHNOLOGY
 Consolidated Balance Sheet - Summary
 (In thousands)
 March 31, Dec. 31,
 1993 1992
 Cash and cash equivalents $27,196 $26,671
 Other current assets 15,608 14,331
 Fixed assets (net) 4,079 4,254
 Intangibles 2,374 2,458
 Other assets 698 448
 Total assets $49,955 $48,162
 Current liabilities $6,797 $6,456
 Other liabilities 1,816 1,804
 Shareholders' equity 41,342 39,902
 Total liabilities and
 shareholders' equity $49,955 $48,162
 -0- 4/20/93
 /CONTACT: Janet W. Shanks, CAO of DH Technology, 619-451-3485/
 (DHTK)


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

LS-JL -- SD003 -- 7717 04/20/93 07:00 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
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