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KNOGO CORPORATION REPORTS SECOND QUARTER RESULTS

 KNOGO CORPORATION REPORTS SECOND QUARTER RESULTS
 HAUPPAUGE, N.Y., Oct. 6 /PRNewswire/ -- KNOGO Corporation


(NYSE: KNO) today reported record revenues and increased profits for the second quarter and first six months of fiscal 1993.
 For the second quarter ended Aug. 31, 1992, revenues were $24,124,000, 24 percent ahead of the $19,499,000 reported in the second quarter of fiscal 1992. Net income was $530,000, or 10 cents per share in the quarter, compared with $111,000, or 2 cents per share, in the comparable quarter of fiscal 1992. The improvement in the fiscal 1993 second quarter results were achieved despite a foreign exchange loss of $432,000, compared to a foreign exchange loss of $12,000 in the second quarter of fiscal 1992.
 Revenues for the first six months of fiscal 1993 were $45,281,000, 14 percent ahead of revenues of $39,754,000 in the same period of last year. Net income was $1,513,000, or 29 cents per share, for the first half of fiscal 1993, compared to $832,000, or 15 cents per share in the same period last year.
 Arthur J. Minasy, chairman and chief executive officer, commented, "Results for the second quarter, which is often a weak period for KNOGO, are further indications that the restructuring steps taken last year are having a positive effect on our financial performance. We are continuing to book good, solid orders despite the weak United States economy, the uncertainty in the Common Market and currency fluctuations. Longer term, our true source tagging abilities make us very confident of the future."
 KNOGO Corporation, founder of the Electronic Article Surveillance (EAS) industry in 1966, is the world's technological leader in the design and manufacture of asset protection systems for retailers and industry. Its Radio Frequency (RF) and Micro-Magnetic (MM) systems protect retail merchandise and business assets. Other products include KNOGO's Data Displayer and Surveillor Closed Circuit Video Systems (CCVS), which protect retailers against theft by recording point-of-sale transactions and through video surveillance.
 KNOGO CORPORATION
 Consolidated Financial Highlights
 (in thousands, except per share data)
 Periods Ended Three Months Six Months
 Aug. 31 1992 1991 1992 1991
 Total revenues $24,124 $19,499 $45,281 $39,754
 Operating profit 1,293 861 3,137 2,636
 Inc. before inc.
 taxes 736 159 2,101 1,189
 Net income 530 111 1,513 832
 Net inc. per common
 share .10 .02 .29 .15
 No. of shares used
 in computation 5,318,383 5,474,922 5,307,048 5,453,001
 -0- 10/6/92
 /CONTACT: Robert T. Abbott, vice president-finance of KNOGO Corporation, 516-232-2100/
 (KNO) CO: KNOGO Corporation ST: New York IN: SU: ERN


PS-SH -- NY022 -- 6987 10/06/92 10:35 EDT
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Publication:PR Newswire
Date:Oct 6, 1992
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