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PENRIL REPORTS IMPROVED THIRD QUARTER RESULTS

 GAITHERSBURG, Md., May 28 /PRNewswire/ -- Penril DataComm Networks Inc. (NASDAQ-NMS: PNRL) today reported revenues of $13,366,000 for the third quarter ended April 30, 1993, compared to revenues of $11,639,000 for the third quarter ended April 30, 1992. Net income for the quarter was $209,000, or 3 cents per share, compared to the prior year's $35,000.
 Revenues for the nine months ended April 30, 1993, were $37,966,000, compared to $35,511,000 for the nine months ended April 30, 1992. Net loss for the nine months was $485,000, or 8 cents per share, compared to net income of $1,662,000, or 24 cents per share, for the nine months ended April 30, 1992.
 Henry Epstein, Penril's chairman, stated that: "For the second consecutive quarter, we have made good progress in our number one priority -- the improvement of profit margins. Market activity, as measured by customer requests for proposals and quotations, is also rising. Next quarter, we will begin to include consolidated results for Datability, acquired earlier this month. We are very excited about the long-term prospects for our internetworking business created by the merger of Datability into our Data Communication Business."
 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
 (UNAUDITED)
 Three Months Ended
 4/30/93 4/30/92
 Net revenues $13,366,000 $11,639,000
 Income before income taxes $ 209,000 $ 35,000
 Provision for income taxes -- --
 Net income from operations $ 209,000 $ 35,000
 Shares used in per share calculation 6,639,000 6,938,000
 Earnings per share $ 0.03 $ 0.01
 Nine Months Ended
 4/30/93 4/30/92
 Net revenues $37,966,000 $35,511,000
 Income (loss) before income taxes $ (485,000) $ 1,823,000
 Provision for income taxes -- (161,000)
 Net income (loss) from operations $ (485,000) $ 1,662,000
 Shares used in per share calculation 6,087,000 6,922,000
 Earnings (loss) per share $ (0.08) $ 0.24
 SELECTED BALANCE SHEET ITEMS
 4/30/93 7/31/92
 (unaudited) (audited)
 Current Assets $26,165,000 $22,940,000
 Total Assets $33,227,000 $30,600,000
 Current Liabilities $ 8,501,000 $ 8,005,000
 Long-Term Debt $ 2,112,000 --
 Stockholders' Equity $22,313,000 $22,177,000
 Common Shares Outstanding 6,279,000 5,941,000
 -0- 5/28/93
 /CONTACT: Harry O. Christenson, executive vice president, Penril DataComm Networks, 301-417-0552/
 (PNRL)


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

DC-KD -- DC016 -- 3366 05/28/93 11:37 EDT
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Publication:PR Newswire
Date:May 28, 1993
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