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HYTEK ANNOUNCES FIRST QUARTER 1994 RESULTS

 CARSON CITY, Nev., April 19 /PRNewswire/ -- Hytek Microsystems Inc. (NASDAQ: HTEK) reported unaudited first quarter 1994 financial results as follows: (In thousands except per share data.)
 STATEMENT OF OPERATIONS DATA Quarter Ended
 4/02/94 3/27/93
 Net revenues $1,117 $407
 Net income (loss) 52 (393)
 Net income (loss) per share: $0.02 $(0.14)
 Weighted average shares outstanding 2,751 2,751
 BALANCE SHEET DATA
 4/02/94 3/27/93
 Assets
 Current assets $1,404 $1,286
 Net property, plant and equipment 107 158
 Other assets 15 26
 Total assets $1,526 $1,470
 Liabilities and equity
 Current liabilities $628 $777
 Shareholders' equity 898 693
 Total liabilities and equity $1,526 $1,470
 The increase in net revenue from the prior year period was the result of technical problems encountered in the first quarter of 1993 which significantly reduced shipments during that period.
 The company reported earnings of $0.04 per share for the year ended Dec. 28, 1991, earnings of $0.05 per share for the year ended Dec. 26, 1992, and a loss of $0.09 per share for the year ended Jan. 1, 1994.
 Founded in 1974, Hytek specializes in hybrid microelectronic circuits that are used in military, computer, telecommunications and other OEM applications.
 -0- 4/19/94
 /CONTACT: James M. Phalan, president, CEO, or Charles S. Byrne, CFO, secretary, of Hytek, 702-883-0820/
 (HTEK)


CO: Hytek Microsystems Inc. ST: Nevada IN: CPR SU: ERN

RB-TM -- SF011 -- 8207 04/19/94 13:29 EDT
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Publication:PR Newswire
Date:Apr 19, 1994
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