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PHOTOCOMM ANNOUNCES THIRD QUARTER RESULTS, 27 PERCENT SALES GAIN -- CONTINUED YTD IMPROVEMENT

 SCOTTSDALE, Ariz., July 21 /PRNewswire/ -- Photocomm Inc. (NASDAQ: PCOM) reported a 27 percent sales revenue gain and continued performance improvement in its fiscal quarter ended May 31, 1993, posting a reduced operating loss of $109,000, compared to $212,000 in the prior-year period. Total operating loss for the nine-month period improved to $250,000 vs. $566,000 in 1992.
 Three months ended Nine months ended
 May 31, May 31,
 1993 1992 1993 1992
 Unaudited Results
 Sales revenues $3,260,346 $2,575,014 $8,346,670 $7,749,076
 Cost of sales 2,542,427 1,984,355 6,200,069 5,968,112
 Gross profit 717,919 590,659 2,146,601 1,780,964
 Selling, general and
 administrative
 expenses 826,567 802,695 2,396,831 2,346,769
 Operating profit (loss)(108,648) (212,036) (250,230) (565,805)
 Interest expense (58,383) (59,108) (174,153) (171,650)
 Interest income 67 321 75 3,106
 Other, net 56,755 31,572 87,194 60,490
 Net loss ($110,209) ($239,251) ($337,114) ($673,859)
 Per common share ($0.01) ($0.03) ($0.05) ($0.08)
 Photocomm Inc. is the nation's largest publicly owned solar electric systems manufacturing and marketing company with corporate headquarters in Scottsdale. The company's common stock is listed on the NASDAQ system under the symbol PCOM.
 -0- 7/21/93
 /CONTACT: Thomas LaVoy, CFO of Photocomm, 602-948-8003/
 (PCOM)


CO: Photocomm Inc. ST: Arizona IN: CPR OIL SU: ERN

JB-BP -- LA014 -- 3933 07/21/93 12:15 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:256
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