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FISCHER IMAGING REPORTS STRONG FIRST QUARTER RESULTS

 FISCHER IMAGING REPORTS STRONG FIRST QUARTER RESULTS
 DENVER, April 23 /PRNewswire/ -- Fischer Imaging Corp.


(NASDAQ: FIMG) today reported earnings for the first quarter ended April 4, 1992 of $482,000, or 9 cents per share, on revenues of $15.4 million. This reflected a significant increase when compared to equivalent fully taxed earnings of $113,000 or 3 cents per share on revenues of $13.2 million for the first quarter of 1991.
 The company's reported earnings for the first quarter of 1991 were $249,000, or 7 cents per share, which reflected a 4 cent per share benefit from the utilization of Net Operating Loss (NOL) carryforwards. Fischer has since exhausted its NOL's, causing reported earnings for 1992 to be fully taxed.
 Roberto A. Cascella, executive vice president and chief financial officer, said "Increased revenues and profitability were largely attributed to a significant volume shift of products sold through our direct sales organization, partially offset by declining dealer sales, as some full line dealers were replaced by direct sales personnel. Sales of our MAMMOTEST(TM) Stereotactic breast biopsy system experienced a significant increase over the same quarter of a year ago."
 Fischer Imaging 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 products are directed toward medical specialties in which minimally invasive surgical techniques are replacing open surgical procedures.
 FISCHER IMAGING CORP.
 Selected Financial Data
 (Unaudited)
 First Quarter Ended
 April 4, March 31,
 1992 1991
 Net revenue $15,371,700 $13,165,173
 Gross profit 5,804,047 4,745,613
 Operating expenses 4,994,314 4,006,857
 Earnings from operations 809,733 738,756
 Earnings before income taxes 873,337 436,552
 Provision for income taxes 390,985 30,000
 Net earnings 482,352 406,552
 Dividends and costs related to
 Series A Preferred Stock --- 157,115
 Net earnings attributable to
 common and common equivalent
 shares $482,352 $249,437
 Net earnings per common and
 common equivalent share $.09 $.07
 Weighted average common and
 common equivalent shares
 outstanding 5,517,289 3,667,293
 April 4, Dec. 31,
 1992 1991
 Current assets $36,009,083 $35,616,985
 Total assets 39,799,579 39,039,334
 Total liabilities 15,116,597 14,870,412
 Stockholders' investment 24,682,982 24,168,922
 -0- 4/23/92
 /CONTACT: Roberto A. Cascella of Fischer Imaging, 303-452-6800; or Scott Brooks of Carl Thompson Associates, 303-494-5472, for Fischer Imaging/
 (FIMG) CO: Fischer Imaging Corp. ST: Colorado IN: HEA MTC SU: ERN


MC -- DV002 -- 1814 04/23/92 11:17 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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