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FISCHER IMAGING REPORTS STRONG FIRST QUARTER REVENUES

 DENVER, April 29 /PRNewswire/ -- Fischer Imaging Corp. (NASDAQ: FIMG) today reported for the first quarter ended April 4, 1993, revenues of $18.4 million, compared to $15.4 million in revenue for the first quarter of 1992, reflecting a 19.4 percent increase. Earnings for the quarter of $193,000, or $.04 per share, compared to earnings of $482,000, or $.09 per share from the same quarter a year ago.
 Roberto A. Cascella, president and chief operating officer, stated, "The increase in revenues for the first quarter was due largely to increased sales of our MAMMOTEST(R) systems and the introduction of MAMMOVISION(TM), our newly developed digital imaging system used in conjunction with the MAMMOTEST(R)." Cascella added, "Earnings for the quarter were affected by expenses related to the growth in our sales and service organizations during 1992, a significant investment in advertising to promote MAMMOVISION(TM) and incremental expenses associated with the Bloom acquisition as well as the establishment of our subsidiary Fischer Europe A/S."
 Cascella also commented, "Although we are encouraged over the company's revenue performance for the quarter, we intend to emphasize expense control for the balance of the year."
 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 primary 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,
 1993 1992
 Net revenues $18,361,897 $15,371,700
 Gross profit 7,497,174 5,804,047
 Operating expenses 6,966,541 4,994,314
 Earnings from operations 530,633 809,733
 Earnings before income taxes 315,678 873,337
 Provision for income taxes 123,100 390,985
 Net earnings attributable to
 common and common equivalent
 shares $192,578 $482,352
 Net earnings per common and
 common equivalent share $.04 $.09
 Weighted average common and
 common equivalent shares
 outstanding 5,494,546 5,517,289
 April 4, Dec. 31,
 1993 1992
 Current assets $42,724,743 $42,714,587
 Total assets 54,030,707 53,618,986
 Total liabilities 26,855,982 26,907,878
 Stockholders' investment 27,174,725 26,711,108
 -0- 4/29/93
 /CONTACT: Roberto A. Cascella, president, or Nancy K. Hamilton, CFO, of Fischer Imaging, 303-452-6800/
 (FIMG)


CO: Fischer Imaging Corp. ST: Colorado IN: MTC SU: ERN

BP-JL -- DV003 -- 2467 04/29/93 09:02 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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