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ODETICS ANNOUNCES PROFITABLE THIRD QUARTER

 ODETICS ANNOUNCES PROFITABLE THIRD QUARTER
 ANAHEIM, Calif., Jan. 30 /PRNewswire/ -- Odetics (AMEX: O.A & O.B)


released fiscal year 1992 third quarter results today, showing a profit for the three-month period ended Dec. 31, 1991.
 Contract revenues and sales for the third quarter of FY1992 were $17,010,000 with a net income of $60,000 compared with revenues and sales of $17,076,000 and a net income of $70,000 during the same period last year.
 Odetics reported contract revenues of $50,155,000 for the nine-month period ended Dec. 31, 1991. This compares with $52,675,000 for the same period in 1990. The company experienced a net loss of ($990,000) for the first nine months of FY1992, compared with a net profit of $678,000 last year.
 The company posted earnings per share of $0.01 for the third quarter of FY1992, compared with $0.02 last year. Net loss per share for the first nine months of the fiscal year is ($0.22), compared with earnings of $0.16 per share last year.
 According to Joel Slutzky, chairman of the board and chief executive officer for Odetics, the company's return to profitability is the result of cutting expenses. "We have worked hard to reduce expenses without disrupting our new product introduction schedule.
 "Odetics has a 21-year record of fiscal year profitability that is uniquely coupled with a focus on long-term growth," Slutzky continues. "Balancing the two will be management's challenge as we near the end of this fiscal year."
 Odetics, headquartered in Anaheim, provides information and control through automation. The company's Space Division is the world's leading supplier of space tape recorders.
 ODETICS INC.
 Condensed Statement of Income
 (In thousands except per share amounts)
 Three Months ended Nine months ended
 Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Revenues and sales $17,010 $17,076 $50,155 $52,675
 Net income (loss) $60 $70 ($990) $678
 Earnings (loss) per share $0.01 $0.02 ($0.22) $0.16
 -0- 1/30/92
 /CONTACT: Holly L. Barnett of Odetics, 714-774-5000/
 (O.A O.B) CO: Odetics ST: California IN: ARO SU: ERN


EH-CH -- LA009 -- 5092 01/30/92 09:07 EST
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Date:Jan 30, 1992
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