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MEDAMICUS, INC. ANNOUNCES 1993 FIRST QUARTER RESULTS

 MINNEAPOLIS, April 22 /PRNewswire/ -- MedAmicus, Inc. (NASDAQ: MEDM) today announced results for the three months ended March 31, 1993 as follows:
 First Quarter Ended
 3/31/93 3/31/92 Change Percent Change
 Sales $389,679 $568,865 $(179,186) -31.5
 Net loss $(389,313) $(95,461) (303,852) -
 Net loss per share $(.15) $(.04) (.11) -
 Weighted average
 shares
 outstanding 2,629,293 2,590,208 - -
 The company stated that, as previously reported, sales of vessel introducers to Medtronic and Bard in the first two to three quarters of 1993 would be significantly less than the previous year in order to allow Medtronic and Bard to alleviate inventory imbalances. Both companies have indicated that purchases should resume to previous levels during the third quarter of 1993.
 MedAmicus, Inc. a Plymouth, Minn. based medical products company engaged in the design, development, manufacture and marketing of disposable vascular access and pressure monitoring devices.
 -0- 4/22/93
 /CONTACT: Jim Hartman of MedAmicus, Inc., 612-559-2613/
 (MEDM)


CO: MedAmicus ST: Minnesota IN: MTC SU: ERN

:END

MA -- MN014 -- 9473 04/22/93 12:46 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
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