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MESA MEDICAL REPORTS INCREASED THIRD QUARTER AND YEAR-TO-DATE EARNINGS

 MESA MEDICAL REPORTS INCREASED THIRD QUARTER
 AND YEAR-TO-DATE EARNINGS
 WHEAT RIDGE, Colo., Jan. 21 /PRNewswire/ -- Mesa Medical Inc. (NASDAQ: MSMD) today reported increased sales and earnings for both the three and nine month periods ended Dec. 31, 1991.
 In the fiscal third quarter ended Dec. 31, 1991, net sales rose 21 percent to $1,025,000 from $849,000 for the like quarter last year. For the first nine months of fiscal 1992, net sales rose 13 percent to $2,750,000 from $2,440,000 in the like period last year.
 The company's net income comparisons continued to be impacted by the elimination of income taxes in the prior fiscal year. For the third quarter, net income rose 16 percent to $252,000 or 6 cents per share compared to $217,000 or 5 cents per share, while earnings before income taxes rose 76 percent to $383,000 or 9 cents per share compared to $218,000 or 5 cents per share last year. For the first nine months, net income rose 12 percent to $566,000 or 13 cents per share compared to $507,000 or 12 cents per share, while earnings before income taxes rose 68 percent to $857,000 or 20 cents per share compared to $511,000 or 12 cents per share last year.
 Luke Schmieder, president, stated that initial sales units of the new HiTemp(TM) Micropack Tracer were shipped in late December, and, as a result of new product introduction activities during the last six months, the Hamster(TM) Data Logger line generated increased revenues during the quarter. Each of these new product lines are expected to add further to revenues during the fiscal fourth quarter.
 Mesa Medical develops, acquires, manufactures and markets medical products used in kidney dialysis and sensor products for industrial and transportation applications.
 MESA MEDICAL INC.
 Financial Summary
 Three Months Ended
 Dec. 31,
 1991 1990
 Net sales $1,025,000 $849,000
 Earnings before taxes $383,000 $218,000
 Earnings before taxes
 per share $.09 $.05
 Net income $252,000 $217,000
 Net income per share $.06 $.05
 Average shares 4,310,000 4,284,000
 Nine Months Ended
 Dec. 31,
 1991 1990
 Net sales $2,750,000 $2,440,000
 Earnings before taxes $857,000 $511,000
 Earnings before taxes
 per share $.20 $.12
 Net income $566,000 $507,000
 Net income per share $.13 $.12
 Average shares 4,304,000 4,283,000
 -0- 1/21/92
 /CONTACT: Luke R. Schmieder of Mesa Medical, 303-431-4474/
 (MSMD) CO: Mesa Medical Inc. ST: Colorado IN: MTC SU: ERN


MC -- DV001 -- 1669 01/21/92 09:30 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:438
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