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GENUS REPORTS FIRST QUARTER 1992 RESULTS

 GENUS REPORTS FIRST QUARTER 1992 RESULTS
 MOUNTAIN VIEW, Calif., April 20 /PRNewswire/ -- Genus Inc.


(NASDAQ: GGNS), today reported financial results for the first quarter ended March 31, 1992.
 For the first quarter of 1992, net sales were $8.7 million versus net sales of $14.0 million for the first quarter of 1991. The net loss for the first quarter of 1992 was $5.0 million or net loss per share of $0.43 compared to net loss of $1.2 million or net loss per share of $0.10 for the first quarter of 1991.
 William W.R. Elder, chairman and chief executive officer, said, "Results for the past quarter were disappointing and can be attributed to continued competitive pressures and softness in the semiconductor equipment market. Near-term results will be further impacted by these conditions and by the declining Japanese semiconductor manufacturing industry and its tightening of capital spending. Traditionally, the Japanese market has been the source of the largest percentage of our sales."
 Richard D. Hannigan, chief financial officer, stated, "Our cash position decreased from $22.2 million at Dec. 31, 1991, to $19.0 million at the end of the first quarter 1992. During these uncertain times, Genus continues to maintain its cost containment practices. As one of our cost reduction measures, the company will consolidate its thin film operation into a single facility at significantly reduced expense. Due to this planned move, expected in the fourth quarter of this year, a one-time charge of $1.0 million to write off the existing facilities leasehold improvements is included in the March 31, 1992, quarterly results."
 Elder also said that Genus has signed a letter of agreement with Advantage Inc., a manufacturer of pre-clean modules, for the purchases of that company's technology and inventory. "We are confident that this addition to our technology base will prove to be a valuable asset to Genus," he concluded.
 Genus is the leader in the manufacture of chemical vapor deposition systems for tungsten-based films, and high energy ion implantation systems. Genus products are used by semiconductor manufacturers throughout the world in the volume production of advanced semiconductor devices.
 GENUS INC.
 Condensed Consolidated Statements of Operations
 (Amounts in thousands, except per share data)
 Three Months Ended
 March 31,
 (unaudited)
 1992 1991
 Net sales $8,655 $13,952
 Costs and expenses:
 Cost of goods sold 6,412 8,327
 Research and development 2,594 2,331
 Selling, general and
 administrative 3,848 4,694
 Special charge 1,010 --
 Loss from operations (5,209) (1,400)
 Other income, net 211 240
 Net loss ($4,998) ($1,160)
 Net loss per share ($0.43) ($0.10)
 Shares used in per share
 calculations 11,689 11,271
 GENUS INC.
 Condensed Consolidated Balance Sheets
 (Amounts in thousands)
 March 31, Dec. 31
 1992 1991
 (unaudited)
 Assets
 Cash and marketable securities $18,986 $22,169
 Accounts receivable, net 15,365 14,338
 Inventories 12,709 11,755
 Other current assets 1,062 954
 Total current assets 48,122 49,216
 Property and equipment, net 7,595 8,442
 Other assets 3,034 3,299
 Total assets $58,751 $60,957
 Liabilities and shareholders' equity
 Total current liabilities 8,913 6,399
 Long-term debt 167 168
 Shareholders' equity 49,671 54,390
 Total liabilities and shareholders'
 equity $58,751 $60,957
 -0- 4/20/92
 /CONTACT: William W.R. Elder or Richard D. Hannigan of Genus Inc., 415-960-1120/
 (GGNS) CO: Genus Inc. ST: Calilfornia IN: CPR SU: ERN


MM-RM -- SJ003 -- 0201 04/20/92 16:01 EDT
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Date:Apr 20, 1992
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