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MEDICAL DEVICES, INC. ANNOUNCES STRONG SECOND QUARTER AND RETURN TO PROFITABILITY

 ST. PAUL, Minn., Jan. 25 /PRNewswire/ -- Medical Devices, Inc. (MDI) (NASDAQ: MDEV) today reported a return to profitability and strong results for the second fiscal quarter and six months ended Dec. 31, 1992.
 Revenue for the second quarter was $1,764,000, compared to $960,000 last year, an increase of 84 percent. Net income for the quarter was $96,000, or $.04 per share, compared to a loss of $198,000 or $.09 per share last year.
 For the six month period ended Dec. 31, 1992, revenue was $2,947,000, an increase of 17 percent over sales of $2,510,000 last year. Net income for the six month period was $12,000, or $.01 per share, compared to a loss of $290,000, or $.14 per share last year.
 "We are pleased to announce our first profitable quarter since the third quarter of fiscal 1991," stated David B. Kaysen, MDI's president and CEO. Kaysen also said, "These results will allow us to continue our aggressive investment in inventory, receivables, and sales and marketing for our direct sales effort, Rehabilicare Systems(TM). In addition, we will be increasing our investment in research and new product development."
 MEDICAL DEVICES, INC.
 CONDENSED STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Six Months Ended
 12/31/92 123?1/91 12/31/92 12/31/91
 Net sales $1,763,552 $959,741 $2,946,579 $2,510,219
 Operating income (loss) 122,069 (264,567) 16,723 (394,423)
 Net income (loss) $96,373 $(198,186) $12,323 $(289,651)
 Earnings (loss) per share $.04 $(.09) $.01 $(.14)
 Weighted average shares
 outstanding 2,571,498 2,088,938 2,341,812 2,092,302
 Medical Devices, Inc. is a leading designer and manufacturer of electromedical rehabilitation and pain management products. The company's common stock is traded on the national over-the-counter market under the NASDAQ symbol MDEV.
 -0- 1/25/93
 /CONTACT: David B. Kaysen, president and CEO, or Jeff Shields, vice president of finance, 612-631-0590, both of Medical Devices/
 (MDEV)


CO: Medical Devices, Inc. ST: Minnesota IN: MTC SU: ERN

KH -- MN015 -- 8760 01/25/93 17:09 EST
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Publication:PR Newswire
Date:Jan 25, 1993
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