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MESA LABS ANNOUNCES RECORD QUARTERLY SALES

 WHEAT RIDGE, Colo., Nov. 2 /PRNewswire/ -- Mesa Laboratories Inc. (NASDAQ: MLAB) today reported its fourth consecutive quarter of record sales, during the second fiscal quarter ended Sept. 30, 1993.
 For the second quarter of fiscal 1994, net sales rose 52 percent or $505,000 to $1,485,000 from $980,000 in the same quarter one year ago. Net income for the quarter rose 49 percent to $246,000 or $.06 per share from $165,000 or $.04 per share last year.
 Net sales for the first six months of fiscal 1994 rose 42 percent to $2,865,000 from the $2,011,000 level of last year. Net income for the six-month period rose 19 percent to $446,000 or $.10 per share from $376,000 or $.09 per share last year.
 Luke Schmieder, president, stated that the company made significant progress during the quarter in consolidating its Nusonics operation in Colorado and improving its profitability. Production levels steadily rose during the fiscal second quarter, and backorders are still above planned levels, according to Schmieder.
 Mesa Laboratories develops, acquires, manufactures, and markets electronic measurement instruments for industrial, pharmaceutical, and medical applications.
 MESA LABORATORIES
 Financial Summary
 Three Months Ended: 9/30/93 9/30/92
 Net sales $1,485,000 $980,000
 Net income $246,000 $165,000
 Earnings per share $.06 $.04
 Average shares 4,392,000 4,417,000
 Six Months Ended: 9/30/93 9/30/92
 Net sales $2,865,000 $2,011,000
 Net income $446,000 $376,000
 Earnings per share $.10 $.09
 Average shares 4,389,000 4,414,000
 -0- 11/2/93
 /CONTACT: Luke R. Schmieder, president, CEO, or Steven W. Peterson, VP-finance, CFO, of Mesa Laboratories, 303-431-4474/
 (MLAB)


CO: Mesa Laboratories Inc. ST: Colorado IN: MTC SU: ERN

MF-LS -- LA003 -- 9531 11/02/93 09:27 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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