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OIS ANNOUNCES SECOND-QUARTER RESULTS

 TROY, Mich., Feb. 24 /PRNewswire/ -- OIS Optical Imaging Systems, Inc. (NASDAQ: OVON) announced its unaudited financial results for the second quarter ended Dec. 31, 1992. Revenues were $2,255,408, as compared with $1,378,153 in the second quarter of the preceding fiscal year. The company's net loss was $1,078,720 (or 4 cents per share based on 26,706,959 shares outstanding), as compared with $2,201,607 (or 11 cents per share, based on 19,809,751 shares outstanding) in the second quarter of the preceding fiscal year. The prior-year results included nonrecurring charges of $1,093,000.
 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-month and six-month periods ended Dec. 31, 1992:
 OIS OPTICAL IMAGING SYSTEMS, INC.
 (In thousands)
 Three Months Six Months
 Ended Dec. 31, Ended Dec. 31,
 1992 1991 1992 1991
 Total revenues $2,255 $1,378 $4,037 $2,371
 Total operating expenses $3,131 $3,443 $5,680 $6,122
 Operating loss ($876) ($2,065) ($1,643) ($3,751)
 Other income (expense) ($203) ($137) ($343) ($260)
 Net (loss) ($1,079) ($2,202) ($1,986) ($4,011)
 Net (loss) per share (in dollars) ($.04) ($.11) ($.08) ($.23)
 -0- 2/24/93
 /CONTACT: Charles Wilson, executive vice president and CFO, OIS Optical Imaging Systems, Inc., 313-362-2738/
 (OVON)


CO: OIS Optical Imaging Systems, Inc. ST: Michigan IN: CPR SU: ERN

KE-SM -- DE020 -- 9927 02/24/93 12:43 EST
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Date:Feb 24, 1993
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