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FISCHER IMAGING REPORTS RECORD YEAR-END RESULTS

 FISCHER IMAGING REPORTS RECORD YEAR-END RESULTS
 DENVER, Jan. 23 /PRNewswire/ -- Fischer Imaging Corp. (NASDAQ: FIMG)


today reported earnings for its year ended Dec. 31, 1991, of $2.8 million, or $.65 per share, compared to a loss of $487,393, or $.17 per share from a year ago. Revenues for the year of $57.6 million reflect a 30 percent increase over 1990 revenues of $44.2 million.
 For the fourth quarter, earnings were $1.0 million, or $.19 per share, compared to $429,915, or $.12 per share for the same period a year ago reflecting a 58 percent improvement to earnings per share. Revenues for the quarter of $15.8 million reflect a 17 percent increase over 1990 revenues of $13.5 million.
 "Increased revenue during 1991 resulted from a substantial increase in the sales of our MAMMOTEST(TM) stereotactic breast biopsy system as well as our electrophysiology systems," said Roberto A. Cascella, executive vice president and chief financial officer. "These products, sold through our direct sales force, have better profit margins than our OEM and distributor-marketed products. This, as well as the increased sales of all our direct-sales products at higher gross margins account for the improved profitability. We believe these factors will be the thrust for our continued growth in 1991."
 Fischer Imaging Corp. designs, manufactures and markets specialty and general purpose X-ray imaging systems for the diagnosis and treatment of breast cancer, heart and vascular disease. The company's newest product lines are directed toward medical specialities in which minimally invasive surgical techniques are replacing open surgical procedures.
 FISCHER IMAGING CORP.
 Selected Financial Data
 (Unaudited)
 Fourth Quarter Ended Twelve Months Ended
 Dec. 31, Dec. 31, Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Net revenue $15,778,272 $13,531,914 $57,560,081 $44,195,441
 Gross profit 6,480,148 4,709,162 22,325,183 15,314,989
 Operating
 expenses 5,281,504 4,010,819 18,115,858 14,294,001
 Earnings from
 operations 1,198,644 698,343 4,209,325 1,020,988
 Net earnings
 (loss) 1,045,398 587,056 3,103,792 141,276
 Dividends and
 costs related
 to Series A
 preferred
 stock --- 157,141 314,230 628,669
 Net earnings
 (loss) attributable
 to common and
 common
 equivalent
 shares $1,045,398 $429,915 $2,789,562 ($487,393)
 Net earnings (loss)
 per common and
 common equivalent
 share $.19 $.12 $.65 ($.17)
 Weighted average
 common and common
 equivalent shares
 outstanding 5,488,705 3,673,560 4,313,262 2,819,314
 Dec. 31, Dec. 31,
 1991 1990
 Current assets $35,746,985 $25,837,695
 Total assets 39,406,334 28,418,127
 Total liabilities 15,258,011 19,132,656
 Stockholders'
 investment 24,148,323 3,024,175
 -0- 1/23/92
 /CONTACT: Roberto A. Cascella, CFO of Fischer Imaging Corp., 303-452-6800; or Scott A. Brooks of Carl Thompson Associates, 303-494-5472, for Fischer Imaging Corp./
 (FIMG) CO: Fischer Imaging Corp. ST: Colorado IN: HEA MTC SU: ERN


EH-JL -- LA012 -- 2639 01/23/92 09:08 EST
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Date:Jan 23, 1992
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