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LTX ANNOUNCES FIRST QUARTER RESULTS

 WESTWOOD, Mass., Dec. 10 /PRNewswire/ -- LTX Corporation (OTC: LTXX), today announced its financial results for the first quarter ended Oct. 31, 1993. Sales were $47,164,000 compared to sales of $38,091,000 in the same quarter of the prior year. The net loss was $(1,605,000) or (6 cents) per share compared to a net loss of $(2,829,000) or (14 cents) per share in the prior year.
 Graham Miller, president of LTX, commented: "Our first quarter is generally the slowest period for orders in our fiscal year. Although we enjoyed the best first quarter for orders in the company's history, the orders that we could ship were not received until very late in the quarter and were not enough to sustain our revenues at the fourth quarter level. As a result, there was a large increase in receivables and inventory at quarter end and the company incurred a small loss in the period. Orders in Japan were the best in two years and our business was sufficient for our joint venture to make an operating profit. The company's business prospects remain satisfactory and our forecasts for all geographic regions are encouraging."
 LTX also announced today that it has withdrawn its registration statement relating to the proposed public offering of 5.25 million shares of its common stock. None of these shares have been issued or sold.
 LTX Corporation is a leading supplier of linear, digital, mixed- signal and discrete semiconductor test equipment and offers a line of related networking products. Headquartered in Westwood, Mass., LTX has worldwide sales and service facilities to support its customer base.
 LTX CORPORATION
 CONSOLIDATED STATEMENT OF OPERATIONS
 (Unaudited, in thousands, except per share amounts)
 Three months ended
 Oct. 31,
 1993 1992
 Net sales $47,164 $38,091
 Cost of sales 32,219 25,719
 Gross profit 14,945 12,372
 Engineering and product
 development expenses 5,041 4,933
 Selling, general and
 administrative expenses 10,658 10,074
 Loss from operations (754) (2,635)
 Interest expense, net 851 954
 Loss before income taxes
 and minority interest (1,605) (3,589)
 Provisions for income taxes 0 0
 Loss before
 minority interest (1,605) (3,589)
 Minority interest in net
 loss of subsidiary 0 760
 Net loss $(1,605) $(2,829)
 Primary and
 fully diluted net loss
 per share (6 cents)(14 cents)
 Weighted average shares 24,806 20,095
 -0- 12/10/93
 /CONTACT: R. Scott Higgins of LTX, 617-461-1000/
 (LTXX)


CO: LTX Corporation ST: Massachusetts IN: CPR SU: ERN

CM-JL -- NE001 -- 2487 12/10/93 07:52 EST
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Publication:PR Newswire
Date:Dec 10, 1993
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