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HEALTHWATCH REPORTS THIRD QUARTER RESULTS

 BROOMFIELD, Colo., April 29 /PRNewswire/ -- HealthWatch Inc. (NASDAQ: HEAL) today reported results of operations for the third quarter and nine months ended March 31, 1993. HealthWatch reported net loss of $177,582 for the third quarter of fiscal 1993, compared to net loss of $393,432 in the third quarter of fiscal 1992. Sales for the 1993 third quarter were $1,622,167, compared to $2,246,704 for the prior-year third quarter. For the nine-month periods, HealthWatch reported a net loss of $166,665 in 1993, compared to $1,381,757 in 1992, on revenues of $5,759,795 in 1993, compared to $6,503,771 in 1992. The 1993 results reflect a gain of approximately $269,000 in the third quarter in connection with previously announced sales of the company's medical services businesses.
 "There has been an overall contraction in the U.S. marketplace of purchases of medical equipment due to the uncertainty associated with the new administration's health care programs," reported Jon Maynell vice president of sales and marketing at HealthWatch. "We are making adjustments to accommodate these changes and actually anticipate an increase in the U.S. marketplace once these new policies become known and appropriate legislation enacted."
 HEALTHWATCH INC.
 Financial Summary
 Three Months Ended March 31,
 1993 1992
 Revenue $1,622,167 $2,246,704
 Operating loss ($433,353) ($233,490)
 Net income (loss) ($177,582) ($393,432)
 Net income (loss) per share ($0.04) ($0.08)
 Weighted average shares
 outstanding 4,842,454 4,839,833
 Nine Months Ended March 31,
 1993 1992
 Revenue $5,759,795 $6,503,771
 Operating loss ($506,465) ($1,020,392)
 Net income (loss) ($166,665) ($1,381,757)
 Net income (loss) per share ($0.03) ($0.34)
 Weighted average shares
 outstanding 4,842,454 4,082,004
 -0- 4/29/93
 /CONTACT: Sanford L. Schwartz of HealthWatch, 303-465-2000/
 (HEAL)


CO: HealthWatch Inc. ST: Colorado IN: HEA SU: ERN

MS-BP -- DV007 -- 2913 04/29/93 17:28 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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