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LXE ANNOUNCES FIRST QUARTER SALES AND EARNINGS INCREASES

 LXE ANNOUNCES FIRST QUARTER SALES AND EARNINGS INCREASES
 ATLANTA, April 16 /PRNewswire/ -- LXE Inc. (NASDAQ: LXEI) reported a 41 percent increase in sales and a 57 percent increase in net earnings for the first quarter of 1992 compared with the first quarter of 1991.
 LXE earned $870,000 on sales of $10.8 million for the first quarter of 1992, compared with earnings of $556,000 on sales of $7.7 million for the first quarter of 1991. Earnings per share increased to $.15 per share for the 1992 first quarter, compared with $.13 for the 1991 first quarter. LXE received $7.7 million of new orders in the first quarter of 1992.
 LXE Inc. is a leading supplier of wireless data communications systems to the materials handling market. Typical customers are medium and large companies that have substantial inventories or complex distribution networks. In April 1991, LXE completed its initial public offering of common stock, which trades in the Over-the- Counter market (NASD symbol LXEI).
 LXE INC.
 Statements of Earnings
 (In thousands, except earnings per share)
 Quarters ended 3/31/92 3/31/91
 Net sales $10,833 $ 7,704
 Cost of sales 4,689 3,608
 Gross profit 6,144 4,096
 Selling, general and administrative exp. 3,266 2,204
 Research and development expenses 1,489 1,006
 Operating income 1,389 886
 Interest and other income 79 11
 Interest expense (65) ---
 Earnings before income taxes 1,403 897
 Income taxes 533 341
 Net earnings $ 870 $ 556
 Weighted average number of common and
 common equivalent shares 5,862 4,401
 Earnings per common and common
 equivalent share $ 0.15 $ 0.13
 Summary Balance Sheet
 March 31, 1992
 (in thousands)
 Cash and investments $ 7,117 Current liabilities $ 4,792
 Accounts receivable 8,103 Long-term debt 3,383
 Inventories 6,644 Other liabilities 524
 Net property, plant and
 equipment 10,136
 Other assets 1,434 Stockholders' equity 24,735
 Total $33,434 Total $33,434
 -0- 4/16/92
 /CONTACT: Don T. Scartz, treasurer of LXE, 404-447-4224, ext. 4850/
 (LXEI) CO: LXE Inc. ST: Georgia IN: CPR SU: ERN


BR-CF -- AT030 -- 9514 04/16/92 16:52 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
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