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PHOTOCOMM POSTS FIRST QUARTER OPERATING PROFIT

 SCOTTSDALE, Ariz., Dec. 16 /PRNewswire/ -- Photocomm Inc. (NASDAQ: PCOM) today announced significantly improved performance in its fiscal first quarter ended Nov. 30, 1992. The company achieved its first quarterly operating profit of $34,000 compared to an operating loss of $81,000 in last year's first quarter. The quarter's net loss narrowed to $20,000 vs. a net loss of $157,000 incurred in the prior-year period. Sales revenue for the first quarter was $2,749,000 compared to $2,837,000 in 1991, a period which included $400,000 of ManPac contract sales to the military.
 The company anticipates continued performance improvement through its current fiscal year ending Aug. 31, 1993.
 PHOTOCOMM INC.
 First Quarter Results
 (Unaudited)
 For the three months ended
 Nov. 30,
 1992 1991
 Sales revenues $2,749,226 $2,837,104
 Cost of sales 1,957,361 2,176,205
 Gross profit 791,865 660,899
 Selling, general and
 administrative expenses 757,466 741,525
 Operating profit (loss) 34,399 (80,626)
 Interest income (expense) (59,007) (58,098)
 Other income (expense) 4,000 (17,967)
 Net profit (loss) ($20,608) ($156,691)
 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- 12/16/92
 /CONTACT: Thomas LaVoy, CFO of Photocomm, 602-948-8003/
 (PCOM)


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

LS-KJ -- LA038 -- 7806 12/16/92 14:41 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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