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OPTROTECH ANNOUNCES SECOND QUARTER OPERATING RESULTS (UNAUDITED)

 OPTROTECH ANNOUNCES SECOND QUARTER OPERATING RESULTS (UNAUDITED)
 BILLERICA, Mass., Aug. 10 /PRNewswire/ -- Optrotech, Ltd. (NASDAQ: OPTKF) today announced unaudited consolidated financial results for the second quarter (April-June) of 1992.
 The company's revenues for the second quarter, ending June 30, 1992, were $17,722,553, compared with $16,416,188 for the second quarter of 1991. Unaudited revenues for the six-month period ended June 30, 1992, were $36,181,760, as compared to revenues of $35,907,246 for the same period in 1991. The company reported a loss of $1,547,393, or 25 cents per share for the second quarter of 1992, compared with a net income of $230,383 or 5 cents per share, for the second quarter of 1991. Loss in the first half of 1992 was $3,156,138, or 51 cents per share, compared with net income of $356,919, or 7 cents per share, for the same period last year.
 The market faced by PCB manufacturers continues to be soft and highly unprofitable. The company is maintaining a consistently high standard of product quality, customer support and product development has kept expenses high, while income has decreased.
 It is this state of affairs that has most adversely impacted profitability. The company is taking measures to increase efficiency and is focusing on improving its new products. The company believes that as the market recovers, the acceptance of these new products and the market's recognition of their merits will be reflected in better financial results. A significant increase in backlog is taken as one of the first signs of such improvement.
 Optrotech and DuPont Electronics have announced their intent to develop and introduce, in early 1993, a Direct Write Film (DWF) system for PCB phototooling applications. Optrotech has been engaged in the development of a laser plotting technology for exposure of Direct Write Films, which would enable PCB manufacturers to produce high-quality phototools on film without chemical processing. DuPont has been involved in film research to develop products that can be exposed by high-energy lasers. It is believed that successful performance under this agreement will give both companies a technology and marketing advantage that will uniquely meet emerging PCB market needs.
 Optrotech, founded in 1981 was the first company to supply automated optical inspection (AOI) equipment to the printed circuit board industry based on advanced vision and artificial intelligence technologies. The company's three major product lines including AOI systems (The Vision line), systems for computer-aided design verification, engineering and tooling creation (the X-pert line) and laser plotters (the Image line). Optrotech is a leading manufacturer worldwide of integrated solutions for the automation of the printed circuit board industry.
 OPTROTECH LTD.
 Condensed Consolidated Statement of Income
 (Unaudited)
 Six Months Ended Three Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Revenues(a) 36,182 35,907 17,723 16,416
 Net income (loss)
 after taxes(a) (3,156) 357 (1,547) 230
 Earnings (loss) per
 share (51 cents) 7 cents (25 cents) 5 cents
 Weighted average
 number of shares
 outstanding 6,219,506 7,040,356 6,220,031 7,035,231
 NOTE: (a) In thousands of dollars
 -0- 8/10/92
 /CONTACT: Benny Einhorn of Optrotech Inc. 508-667-6037/
 (OPTKF) CO: Optrotech, Inc. ST: Massachusetts IN: CPR SU: ERN


CN -- NE009 -- 8492 08/10/92 11:48 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
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