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NBI REPORTS FISCAL YEAR 1993 RESULTS

 LONGMONT, Colo., Aug. 24 /PRNewswire/ -- NBI Inc. (PSE: NBI) today reported a net loss of $748,000 for the 12 months ended June 30, 1993, or a loss of $.08 per common share. Comparable figures are not available for the 12 months ended June 30, 1992, due to the company's emergence from Chapter 11 bankruptcy on Feb. 3, 1992, and adoption of fresh-start accounting as of April 30, 1992. For the year ended June 30, 1993, the company had a loss from operations of $1.1 million, or $.11 per common share, including a loss from operations of $540,000 for the fourth quarter of fiscal 1993.
 NBI Chairman of the Board, Jay H. Lustig, said, "Fiscal 1993 was a transition year for NBI with the fourth quarter being a magnification of that change. Preparation for fiscal 1994 came at the expense of our results for the quarter ended June 30, 1993. NBI's systems integration business now has a presence in 12 United States cities, up from only four a year ago."
 Based in Longmont, NBI Inc. provides network systems integration and development in the United States and the United Kingdom. In addition, NBI services system users and provides open systems solutions in the United Kingdom.
 NBI INC.
 Summary of Financial Performance
 Year ended June 30, 1993
 Condensed Statement of Operations
 Year Ended
 June 30, 1993
 (Amounts in thousands
 except per share data)
 Revenues $5,876
 Cost of sales (3,309)
 Operating expenses (3,646)
 Loss from operations (1,079)
 Interest income and other 1,427
 Foreign currency translation gain (loss) (327)
 Interest expense (769)
 Net loss ($748)
 Net loss per share ($.08)
 Weighted average number of common
 and common equivalent shares 9,454
 NBI Inc.
 Financial Position
 Year Ended June 30, 1993
 Condensed Balance Sheet
 June 30, 1993
 (Amounts in thousands)
 Assets
 Cash, cash equivalents and marketable
 securities $6,288
 Receivables, net 784
 Inventories and other current assets 576
 Total current assets 7,648
 Investment in long-term treasuries 5,205
 Property, equipment and field spare parts, net 432
 Other assets 1,046
 Total $14,331
 Liabilities and stockholders' equity
 Accounts payable $319
 Other current liabilities 763
 Total current liabilities 1,082
 Liabilities subject to compromise 23
 Notes payable 245
 Long-term income taxes 9,534
 Total stockholders' equity (8,788,644 shares
 issued and outstanding) 3,447
 Total $14,331
 -0- 8/24/93
 /CONTACT: Sherri Seeley of NBI, 310-394-8585/
 (NBI)


CO: NBI Inc. ST: Colorado IN: CPR SU: ERN

JL-LM -- LA035 -- 5644 08/24/93 19:53 EDT
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Publication:PR Newswire
Date:Aug 24, 1993
Words:419
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