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MEDQUIST INC. REPORTS THIRD QUARTER AND NINE MONTHS RESULTS

 MEDQUIST INC. REPORTS THIRD QUARTER AND NINE MONTHS RESULTS
 GIBBSBORO, N.J., Nov. 5 /PRNewswire/ -- MedQuist Inc. (NASDAQ: MEDQ) today reported its earnings and revenues for the nine months and third quarter ended Sept. 30, 1992.
 For the nine months, net earnings were $1,122,000, up 30 percent over the $860,000 earned during the first nine months last year. Revenues were $19,550,000, a 16 percent increase over the $16,848,000 reported for the comparable 1991 period. Earnings per share increased 14 percent to $.42 from $.37 for the same period last year.
 For the third quarter, net earnings were $404,000, up 21 percent over the $334,000 earned in the 1991 third quarter. Revenues increased 19 percent to $6,869,000 compared to $5,788,000 for the same period last year. Earnings per share were $.13 vs. $.14 reported for the third quarter last year, due to the number of outstanding shares in the current period. Common shares and common share equivalents increased to 3 million from 2.3 million in 1991, as a result of the company's initial public offering.
 Richard J. Censits, MedQuist president and chief executive officer, said the company's progress in the third quarter is in line with its overall strategic plan to become a national health management services company.
 Major third quarter developments included the acquisition and integration of a Texas-based medical receivables management firm as well as the divestiture of the regional home health care staffing service. The company also signed a definitive agreement to acquire another receivables management firm with closing anticipated prior to year's end.
 MedQuist Inc. provides business and information services to health care providers nationwide. The company also operates a regional home and ambulatory care business in the New Jersey/Pennsylvania/Delaware market.
 MEDQUIST INC.
 Financial Highlights
 (Unaudited)
 Pct.
 Quarter ended Sept. 30 1992 1991 increase
 Total revenue $6,868,949 $5,787,372 18.69
 Operating earnings 865,880 755,344 14.63
 Earnings before income taxes 680,143 568,176 19.71
 Net earnings 403,872 333,738 21.02
 Net earnings per share $.13 $.14 ---
 Common shares and common share
 equivalents outstanding 3,029,858 2,290,105 ---
 Pct.
 Nine months ended Sept. 30 1992 1991 increase
 Total revenue $19,549,850 $16,848,147 16.04
 Operating earnings 2,431,582 2,016,420 20.59
 Earnings before income taxes 1,891,630 1,463,297 29.27
 Net earnings 1,122,075 859,848 30.50
 Net earnings per share $.42 $.37 ---
 Common shares and common share
 equivalents outstanding 2,652,981 2,290,105 ---
 /delval/
 -0- 11/5/92
 /CONTACT: Patricia Freebern, vice president-corporate relations, of MedQuist, 609-782-0300, or evenings, 609-424-4050/
 (MEDQ) CO: MedQuist Inc. ST: New Jersey IN: SU: ERN


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Publication:PR Newswire
Date:Nov 5, 1992
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