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PENRIL REPORTS FOURTH QUARTER PROFITS AND FISCAL 1993 RESULTS

 GAITHERSBURG, Md., Oct. 22 /PRNewswire/ -- Penril DataComm Networks, Inc. (NASDAQ-NMS: PNRL), today reported income of $616,000, or 8 cents per share, on revenues of $18,836,000 for the fourth quarter of fiscal 1993, compared to a loss of $568,000 or 8 cents per share, on revenues of $11,424,000 for the


fourth quarter of fiscal 1992.
 Henry Epstein, Penril's chairman, stated: "Our fiscal fourth quarter, for the first time, combines the results of Penril DataComm with those of Datability, Inc., acquired on May 6, 1993. We are pleased that revenues and profitability in both of these segments compared favorably with the fourth quarter of fiscal 1992. In the current fiscal year, we are consolidating manufacturing and combining marketing and engineering staffs. The benefits of these consolidations will have a favorable impact on our financial performance as fiscal 1994 progresses."
 Net income for the year ended July 31, 1993, was $131,000, or 2 cents per share, on revenues of $56,802,000, compared to net income for the year ended July 31, 1992, of $1,094,000, or 16 cents per share, on revenues of $46,935,000.
 Penril DataComm Networks, Inc., manufactures data communications equipment, test and measurement instruments and uninterruptible power supplies. The company has manufacturing and engineering facilities in Gaithersburg; Carlstadt, N.J.; Natick, Mass.; Amsterdam, N.Y.; Danbury, Conn.; London; and Hong Kong.
 PENRIL AND SUBSIDIARIES
 Condensed Consolidated Earnings
 Three Months Ended
 7/31/93 7/31/92
 Net revenues $18,836,000 $11,424,000
 Income (loss) before income taxes $ 550,000 $ (717,000)
 Benefit for income taxes 66,000 149,000
 Net income (loss) from operations $ 616,000 $ (568,000)
 Earnings per share $ 0.08 $ (0.08)
 Year Ended July 31,
 1993 1992
 Net revenues $56,802,000 $46,935,000
 Income before income taxes $ 65,000 $ 1,106,000
 Benefit (provision)
 for income taxes 66,000 (12,000)
 Net income from operations $ 131,000 $ 1,094,000
 Earnings per share $ 0.02 $ 0.16
 Selected Balance Sheet Items
 Year Ended July 31,
 1993 1992
 Current Assets $34,074,000 $22,940,000
 Total Assets $51,314,000 $30,600,000
 Current Liabilities $16,608,000 $ 8,005,000
 Stockholders' Equity $27,501,000 $22,177,000
 Common Shares Outstanding 7,331,000 5,941,000
 -0- 10/22/93
 /CONTACT: Richard Rose, vice president, of Penril DataComm Networks, 301-417-0552/
 (PNRL)


CO: Penril DataComm Networks, Inc. ST: Maryland IN: CPR SU: ERN

DC-MH -- DC014 -- 5654 10/22/93 10:45 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
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