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LOWRANCE REPORTS FIRST QUARTER RESULTS

 TULSA, Okla., Dec. 15 /PRNewswire/ -- Lowrance Electronics, Inc. (NASDAQ-NMS: LEIX) today reported first quarter sales of $11,189,000 for the three months ended Oct. 31, 1992, an increase of 8 percent from sales of $10,392,000 during the same period last year. Net loss for the quarter was $743,000, or minus $.22 per share, compared to a net loss of $681,000, or minus $.20 per share, last year.
 Company President Darrell Lowrance reported that "Unit volumes were up slightly for the three months ended Oct. 31, 1992 from last year's levels during the same period. However, first quarter sales and volumes are not indicative of significant trends for the year, and historically represent only 15-17 percent of yearly sales. First quarter sales are mainly influenced by the introduction of new models and the timing of their shipment to dealers and distributors," explained Lowrance. "Of the nine new products introduced for 1993, only one began shipping during the first quarter, with most of the remaining models scheduled for shipment during the second and third quarter.
 "As we approach our primary selling season, we are encouraged by the market's enthusiastic response to our 1993 product offerings, as evidenced by our current backlog of orders which, at $21 million, approximates last year's backlog at this time," said Lowrance.
 Lowrance Electronics, Inc. manufactures sonar equipment, Loran-C and GPS navigation receivers and plotters for sport fishing and recreational boating markets under the brand names "Lowrance" and "Eagle." The company's common stock is listed on the National Market and trades in the Over-the-Counter Market under the NASDAQ symbol "LEIX."
 -0- 12/15/92
 /CONTACT: Graham Wilson of Lowrance Electronics, Inc., 918-437-6881/
 (LEIX)


CO: Lowrance Electronics, Inc. ST: Oklahoma IN: CPR SU: ERN

SH -- NY059 -- 7290 12/15/92 14:35 EST
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Publication:PR Newswire
Date:Dec 15, 1992
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