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HYTEK ANNOUNCES FOURTH QUARTER AND FISCAL 1991 RESULTS

 HYTEK ANNOUNCES FOURTH QUARTER AND FISCAL 1991 RESULTS
 CARSON CITY, Nev., Jan. 10 /PRNewswire/ -- Hytek Microsystems Inc. (NASDAQ: HTEK) reported unaudited fourth quarter and fiscal year 1991 financial results as follows: (In thousands except per share data.)
 STATEMENT OF OPERATIONS DATA
 Fourth Quarter Fiscal Year Ended
 Ended Dec. 28, 1991 Dec. 28, 1991
 Net sales $847 $3,539
 Net income 136 110
 Net income per share $.05 $.04
 Weighted avg. shares outstanding 2,751 2,751
 The company has net operating loss carryforwards and does not anticipate that any income taxes will be payable.
 The company initiated cost reduction measures during the second half of fiscal 1991 which included reduced work schedules and management salary reductions. These actions contributed to the improved fourth quarter and fiscal year performance.
 BALANCE SHEET DATA Dec. 28, 1991
 Assets
 Current Assets $1,149
 Net property, plant and equipment 255
 Other assets 41
 Total assets $1,445
 Liabilities and Equity
 Current liabilities $502
 Shareholders' equity 943
 Total liabilities and equity $1,445
 The company incurred net losses of $5,369,000 and $2,536,000 during 1989 and 1990, respectively. During 1990, Hytek reduced its overall size through a partial liquidation and consolidated its operations in its Carson City facility.
 Founded in 1974, Hytek specializes in hybrid microelectronic circuits and multi-chip modules which are used in military, computer, communications and other OEM applications.
 -0- 1/10/92
 /CONTACT: James M. Phalan or Charles S. Byrne, of Hytek Microsystems Inc., 702-883-0820/
 (HTEK) CO: Hytek Microsystems ST: Nevada IN: CPR SU: ERN


DG -- SF006 -- 8657 01/10/92 13:17 EST
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Publication:PR Newswire
Date:Jan 10, 1992
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