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INTERPHASE REPORTS PROFIT FOR FIRST QUARTER

 INTERPHASE REPORTS PROFIT FOR FIRST QUARTER
 DALLAS, Feb. 25 /PRNewswire/ -- Interphase Corporation


(NASDAQ-NMS: INPH) today announced revenues of $9,266,325 for the first quarter of fiscal 1992, ending Jan. 31. Revenues were up from $9,081,257 reported for the first quarter last year, but down from the previous quarter.
 The company reported a net profit of $85,597 or $.02 per share for the quarter, as compared to a net profit of $429,171 or $.13 per share for the first quarter of fiscal 1991, and a net profit of $689,903 or $.15 per share for the fourth quarter 1991. Year to year earnings comparison primarily reflects increased spending on R&D in 1992.
 "Our Q1 numbers are about as anticipated, given delayed new product shipments by a few major customers," said James L. May Jr. Interphase vice president of finance, and CFO. "However, we had a very good January, ending the quarter with stronger backlog and book-to-bill figures and encouraging renewed activity from several major accounts. The company is very well positioned strategically and financially to take advantage of improving business conditions."
 Interphase Corporation, based in Dallas, is a leading supplier of high performance networking and mass storage controllers for open systems. The company sells to computer OEMs, Value Added Resellers, and end users through a worldwide sales network.
 INTERPHASE CORPORATION
 Condensed Consolidated Statements of Income
 Period ended Three months
 Jan. 31, 1992 1991
 Revenues $9,266,325 $9,081,257
 Net income 85,597 429,171
 Earnings per share .02 .13
 Weighted average shares
 outstanding 4,590,979 3,349,290
 -0- 2/25/92
 /CONTACT: Jim May of Interphase, 214-919-9000/
 (INPH) CO: Interphase Corporation ST: Texas IN: SU: ERN


SH -- NY045 -- 2318 02/25/92 11:54 EST
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Publication:PR Newswire
Date:Feb 25, 1992
Words:294
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