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HOWTEK INC. ANNOUNCES RECORD 1992 THIRD QUARTER RESULTS

 HOWTEK INC. ANNOUNCES RECORD 1992 THIRD QUARTER RESULTS
 HUDSON, N.H., Oct. 13 /PRNewswire/ -- Howtek, Inc. (AMEX: HTK) today announced summary results of its operations for the third quarter ended Sept. 30, 1992. The company recorded third quarter revenues of $6,521,000, an increase of 122 percent from the $2,937,000 recorded in the same period in 1991 and a 23 percent increase over 1992's second quarter sales of $5,315,000. The company also announced third quarter net income of $1,299,000, or 17 cents per share (16 cents per share fully diluted), compared to a loss of $1,600,000, or (21 cents) per share, recorded for the same period in 1991.
 The substantial increase in sales during the third quarter resulted primarily from the success of the D4000, its award-winning, low-cost desktop drum scanner, which is used by the publishing and graphic arts industry to scan high resolution images for computer-generated pages and color separations. The company anticipates that sales of the D4000 should continue to increase as the market awareness grows and the reseller channel develops in size and proficiency. Sales of the company's Colorscan system and its other scanner products remained level with sales recorded by those products in the first and second quarters of 1992.
 Three new products were introduced during the third quarter; the CosMYK 860 color computer card which brings capabilities of high cost drum scanners to the D4000; the IPDS, a Macintosh(R)-based integrated page make-up and design system which includes a dye sublimation color proofer; and a high-speed, 486/66 Mhz workstation upgrade to the company's Colorscan pre-press system.
 Howtek was founded in 1984 by its chairman, Robert Howard, who was also founder of Centronics Data Computer Corporation in 1969 and co- founder of Presstek, Inc. in 1987.
 HOWTEK, INC.
 Consolidated Statement of Operations
 (unaudited)
 Three Months Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Revenues $6,521,425 $2,936,573 $15,368,133 $9,079,549
 Cost of Sales 3,255,357 1,907,370 8,087,404 6,276,098
 Gross Profit 3,266,068 1,029,203 7,280,729 2,803,451
 Operating Costs 1,966,689 2,629,252 5,502,109 7,085,713
 Net Income (Loss) 1,299,379 (1,600,049) 1,778,620 (4,282,262)
 Net Income (Loss)
 Per Share
 Primary 17 cents (21 cents) 23 cents (57 cents)
 Weighted Shares
 Outstanding
 Primary 7,857,487 7,565,435 7,844,824 7,565,435
 Net Income (Loss)
 Per Share
 Fully Diluted 16 cents (21 cents) 23 cents (57 cents)
 Weighted Shares
 Outstanding
 Fully Diluted 8,331,778 7,565,435 8,312,994 7,565,435
 -0- 10/13/92
 /CONTACT: Connie Webster of Howtek, Inc., 603-882-5200/
 (HTK) CO: Howtek, Inc. ST: New Hampshire IN: CPR PUB SU: ERN


CN -- NE007 -- 9167 10/13/92 09:28 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
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