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OPTELECOM, INC., ANNOUNCES THIRD QUARTER RESULTS

 GAITHERSBURG, Md., Nov. 15 /PRNewswire/ -- Optelecom, Inc. (NASDAQ: OPTC), today announced its revenue and profit figures for the quarter ended Sept. 30, 1993.
 OPTELECOM, INC.
 Three Months Three Months
 Ended Ended
 Sept. 30, 1993 Sept. 30, 1992
 Revenue $2,323,769 $1,332,065
 Net Income $ 115,737 $ 98,488
 Earnings Per Share $ 0.10 $ 0.09
 Nine Months Nine Months
 Ended Ended
 Sept. 30, 1993 Sept. 30, 1992
 Revenue $5,194,085 $4,303,564
 Net Income $ (5,387) $ 355,551
 Earnings Per Share $ (0.01) $ 0.32
 These figures represent an encouraging improvement in the company's performance compared to the second quarter of this year. The Communication Products Division (CPD) and the GLINT Division were strong contributors to these results. Company backlog at the end of the quarter was $1,854,048.
 -0- 11/15/93
 /CONTACT: Dr. William H. Culver, chairman, or Edmund D. Ludwig, president and CEO, 301-840-2121, both of Optelecom/
 (OPTC)


CO: Optelecom, Inc. ST: Maryland IN: SU: ERN

DC-xx -- DC007 -- 4308 11/15/93 10:16 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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