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EDMARK REPORTS THIRD-QUARTER RESULTS

 REDMOND, Wash., April 13 /PRNewswire/ -- Edmark Corp. (NASDAQ: EDMK) today reported results for the third quarter of fiscal 1993. Sales for the quarter ended March 31, 1993, were $2,089,872, up 56 percent from $1,340,869 for the quarter ended March 31, 1992. The company reported a net loss of $54,268, or 2 cents per share, compared to net earnings of $59,117, or 2 cents per share, in the third quarter of fiscal 1992.
 Sales for the nine months of fiscal year 1993 were $6,393,966, up 61 percent from $3,979,732 for the nine months of the prior year. Net earnings were $124,893, or 4 cents per share, compared to net earnings of $220,951, or 10 cents per share, in the comparable period of the prior year.
 "The results for the quarter show continued progress in our strategic plan to enter the retail market," reported Sally Narodick, chief executive officer. "Sales of the company's early childhood software products in the consumer channel were 21 percent of net sales for the period, reflecting continued expansion of our products in the broader retail distribution channel. Sales for the TouchWindow also continued to be very strong during the quarter.
 "As expected, the costs of building our retail marketing infrastructure, and the expenses associated with increased product development, impacted profitability during the quarter," reported Narodick. "During the initial period of increased product development, the company expects research and development and marketing expenses to grow more rapidly than sales," Narodick said. "However, we believe that this investment will result in attractive growth opportunities for the company."
 Edmark develops, publishes and markets educational software and other products for the early childhood and special education markets. Copies of Edmark's catalog and annual report are available from Edmark Corp., P.O. Box 3218, Redmond, WA 98073-3218.
 EDMARK CORP.
 KEY FINANCIAL ITEMS
 Three Months Nine Months
 Ended March 31: 1993 1992 1993 1992
 Sales $2,089,872 $1,340,869 $6,393,966 $3,979,732
 Gross margin 1,222,727 749,382 3,722,025 2,244,596
 Operating expenses 1,317,035 665,299 3,582,720 1,928,962
 Operating income (loss) (94,308) 84,083 139,305 315,634
 Net earnings (loss) (54,268) 59,117 124,893 220,951
 Net earnings (loss)
 per share $ (0.02) $ 0.02 $ 0.04 $ 0.10
 At March 31: 1993 1992
 Current assets $4,126,756 $2,632,046
 Total assets 5,718,608 3,419,856
 Current liabilities 526,070 460,407
 Stockholders' equity 5,192,538 2,959,449
 Current ratio 7.84 to 1 5.72 to 1
 -0- 4/13/93
 /CONTACT: Fred McCulloch, treasurer, of Edmark, 206-556-8440/
 (EDMK)


CO: Edmark Corp. ST: Washington IN: PUB SU: ERN

SW -- SE015 -- 5446 04/13/93 18:19 EDT
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Publication:PR Newswire
Date:Apr 13, 1993
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