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LTX ANNOUNCES THIRD QUARTER RESULTS

 WESTWOOD, Mass., June 7 /PRNewswire/ -- LTX Corporation (NASDAQ: LTXX) announced today its financial results for the third quarter ended April 30, 1993. Third quarter sales were $45,785,000 compared to sales of $37,317,000 in the same quarter of the prior year. The company reported a net loss of $(837,000) or (4 cents) per share compared to a net loss of $(4,615,000) or (23 cents) per share in the same quarter of the prior year.
 Graham Miller, LTX president, stated: "The company enjoyed its best bookings quarter since fiscal 1990. This strength allowed us to increase shipments and to post a modest operating profit. We expect to further improve our operating results in the fourth quarter."
 LTX Corporation is a leader in the design, manufacture and marketing of computer-controlled equipment for testing linear, digital, mixed- signal, and discrete devices. For integrating the total production environment, from engineering through final test, LTX offers multi- platform networking and information 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 Nine months ended
 4/30/93 4/30/92 4/30/93 4/30/92
 Net sales $45,785 $37,317 $123,182 $111,500
 Cost of sales 30,468 25,465 81,495 79,930
 Gross profit 15,317 11,852 41,687 31,570
 Engineering and product
 development expenses 4,765 5,230 14,519 16,711
 Selling, general and
 administrative expenses 10,331 10,627 30,699 34,451
 Income (loss) from 221 (4,005) (3,531) (19,592)
 operations
 Interest expense, net 1,058 982 2,997 2,589
 Loss before income taxes
 and minority interest (837) (4,987) (6,528) (22,181)
 Provisions for income taxes --- --- --- ---
 Loss before minority interest (837) (4,987) (6,528) (22,181)
 Minority interest in net
 loss of subsidiary --- 372 1,207 1,850
 Net loss $(837) $(4,615) $(5,321) $(20,331)
 Primary and fully diluted
 net loss per share (4 cents)(23 cents) (26 cents) $(1.02)
 Weighted average shares 21,365 19,964 20,525 19,859
 -0- 6/7/93
 /CONTACT: R. Scott Higgins of LTX, 617-461-1000/
 (LTXX)


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

CM -- NE016 -- 6215 06/07/93 16:45 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:395
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