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OIS ANNOUNCES FIRST-QUARTER RESULTS

 OIS ANNOUNCES FIRST-QUARTER RESULTS
 TROY, Mich., Nov. 13 /PRNewswire/ -- OIS Optical Imaging Systems,


Inc. (NASDAQ: OVON) announced its unaudited financial results for the first quarter ended Sept. 30, 1992. Revenues were $1,781,209, as compared with $993,185 in the first quarter of the preceding year. The company's net loss was $907,294 (or 3 cents per share, based on 26,146,159 shares outstanding), as compared with $1,809,650 (or 12 cents per share, based on 15,585,239 shares outstanding) in the first quarter of the preceding year.
 OIS is the only American producer of active matrix liquid crystal displays. OIS manufactures displays for a wide range of military, avionic and commercial applications.
 The following are condensed operating results for the three months ended Sept. 30, 1992, (in thousands):
 OIS OPTICAL IMAGING SYSTEMS, INC.
 Three Months
 Ended Sept. 30,
 1992 1991
 Total revenues $1,781 $993
 Total operating expenses $2,548 $2,679
 Operating loss ($767) ($1,686)
 Other income (expense) ($140) ($124)
 Net (loss) ($907) ($1,810)
 Net (loss) per share (in dollars) ($.03) ($.12)
 -0- 11/13/92
 /CONTACT: Charles C. Wilson, executive vice president and CFO, OIS Optical Imaging Systems, 313-362-2738/
 (OVON) CO: OIS Optical Imaging Systems, Inc. ST: Michigan IN: CPR SU: ERN


SB -- DE015 -- 0673 11/13/92 11:57 EST
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Publication:PR Newswire
Date:Nov 13, 1992
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