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DIANON SYSTEMS REPORTS AUDITED RESULTS FOR THE YEAR ENDED DEC. 31, 1991

 DIANON SYSTEMS REPORTS AUDITED RESULTS
 FOR THE YEAR ENDED DEC. 31, 1991
 STRATFORD, Conn., March 31 /PRNewswire/ -- DIANON Systems, Inc. (NASDAQ: DIAN) today reported audited results for the year ended Dec. 31, 1991. Highlights are reported below:
 DIANON SYSTEMS, INC.
 Year ended Dec. 31 1991 1990 Percent
 Net sales 27,357,959 20,800,125 32
 Gross profit 17,126,439 13,351,409 28
 Domestic operating income 2,713,587 1,889,884 44
 International Operating loss 1,076,574 942,736 14
 Income from operations 1,637,013 947,148 73
 Net interest income 95,150 85,076 12
 Pre-tax income 1,732,163 1,032,224 68
 Provision for taxes 400,000 23,743 1739
 Net income 1,332,163 1,008,481 32
 Weighted average common shares
 outstanding 4,565,377 4,082,348 12
 Primary and fully diluted earnings
 per share .29 .25 16
 There were no changes between unaudited results reported March 2, 1992 and final audited results. More complete information is attached.
 Dianon Systems is a leading provider of testing services and diagnostic information to a focused audience of 12,500 cancer treating physicians and 25,000 obstetrician/gynecologists in the United States. The company is headquartered in Stratford, Conn., and has recently opened a European laboratory in Amsterdam, The Netherlands.
 DIANON SYSTEMS
 Consolidated Statements of Operations
 Years ended
 Dec. 31 1991 1990
 Net sales $27,357,959 $20,800,125
 Cost of sales 10,231,520 7,448,716
 Gross profit 17,126,439 13,351,409
 SG&A 12,054,843 9,562,037
 Research & Development 2,358,009 1,899,488
 Total Expenses 14,412,852 11,461,525
 Domestic operating inc. bef.
 (int'l operating exps. and
 provision for inc. taxes) 2,713,587 1,889,884
 International operating loss 1,076,574 942,736
 Income from operations 1,637,013 947,148
 Interest income 208,261 211,549
 Interest expense 113,111 126,473
 Net interest income 95,150 85,076
 Profit before taxes 1,732,163 1,032,224
 Provision for income taxes 400,000 23,743
 Net income 1,332,163 1,008,481
 Weighted average com. shares
 outstanding 4,565,377 4,082,348
 Primary and fully diluted
 earning per share .29 .25
 DIANON SYSTEMS, INC.
 Consolidated Balance Sheet
 as of Dec. 31
 1991 1990
 Assets:
 Cash and cash equivalents $9,815,253 $3,904,972
 Accounts receivable, net of
 allowance for doubtful accounts $6,548,328 4,113.045
 Prepaid exps and employee advances 474,422 262,731
 Inventory 228,732 143,138
 Total current assets 17,066,735 8,423,886
 Leasehold improvements 334,620 338,560
 Laboratory and office equipment
 less: accumulated depreciation
 and amortization (2,108,464) (1,591,048)
 Net fixed assets 3,216,346 2,031,487
 Other assets 326,591 102,402
 Total assets 20,609,672 10,557,775
 Liabilities & Stockholders Equity:
 Accounts payable and accrued
 liabilities 3,964,849 2,263,324
 Short term note payable -- 153,745
 Current portion of capitalized
 lease obligations 100,672 55,930
 Total current liabilities 4,065,521 2,472,999
 Long term portion of capitalized
 lease obligations 299,268 149,177
 Long term note payable -- 519,339
 Minority interest in limited
 partnership 1,127,671 1,961,404
 Total liabilities and minority
 interest 5,492,460 5,102,919
 Equity:
 Common stock 50,554 36,761
 Additional paid in capital 21,069,877 12,803,034
 Accumulated deficit (6,052,776) (7,384,939)
 Foreign currency translation adj. 49,557 --
 Total stockholders equity 15,117,212 5,454,856
 Total liabilities and equity 20,609,672 10,557,775
 -0- 3/31/92
 /CONTACT: Richard A. Sandberg, chairman and CEO of DIANON Systems, 203-381-4022/
 (DIAN) CO: DIANON Systems, Inc. ST: Connecticut IN: MTC SU: ERN


KD-KW -- NY093 -- 3646 03/31/92 18:02 EST
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Date:Mar 31, 1992
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