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MICROWAVE LABORATORIES, INC. REPORTS CONTINUED PROFIT PERFORMANCE

 RALEIGH, N.C., March 22 /PRNewswire/ -- Microwave Laboratories, Inc. (NASDAQ: MWVL) announced third quarter results of $201,973 net income ($.03 per share) on sales of $2,069,741, for the three months ending Jan. 31, 1993. This compares to net income of $10,774 ($.002 per share) on sales of $1,706,293 for the same period last year. The 9 months sales, year to date for fiscal 1993 total $5,911,293 with net income of $673,417 ($.11 per share) compared to a net loss of $112,796 ($.02 per share) for the same 9 month period of fiscal 1992.
 According to the Company, this sixth consecutive quarter of profitability reflects continued success in maintaining reduced operating expenses while improving manufacturing efficiencies. Strategic plans to diversify the company's military and defense related products into commercial applications remains the focus of long term objectives. The targeted commercial applications include telecommunications, scientific testing, and processing of advanced materials.
 -0- 3/22/93
 /CONTACT: Richard Garard, Microwave Laboratories, Inc., 919-781-4260/
 (MWVL)


CO: Microwave Laboratories, Inc. ST: North Carolina IN: ARO SU: ERN

SB -- CH005 -- 9244 03/22/93 16:34 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:191
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