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PRESSTEK, INC. ANNOUNCES 1992 FOURTH QUARTER AND YEAR END RESULTS

 HUDSON, N.H., March 9 /PRNewswire/ -- Presstek, Inc. (NASDAQ: PRST) today announced summary results of its operations for the year ended Dec. 31, 1992, reporting revenues from product sales and related revenues of approximately $12,558,000. The company realized net income of approximately $3,606,000, 63 cents per share in 1992, compared to a net loss of $4,150,000, 82 cents per share, on revenues of $3,619,000 in 1991. The company also reported for the fourth quarter of 1992 revenues of approximately $3,920,000 and net income of approximately $1,107,000, 19 cents per share, compared to a net loss of $149,000, 3 cents per share, on revenues of $2,044,000 for the same period in 1991.
 Presstek, Inc., has developed the DI (direct imaging) technology, which was introduced in September 1991, by Heidelberger Druckmaschinen, Heidelberg, Germany, the world's largest printing press manufacturer. The GTO-DI is Heidelberg's first multicolor printing press produced under a license from Presstek. Under a supply agreement, Presstek manufacturers and sells component kits to be added to each Direct Imaging Heidelberg press. The DI technology images the company's proprietary dry offset printing plates directly on the printing press, bypassing the photographic steps involved with exposing and developing conventional films and printing plates.
 Presstek is also engaged in the development of several additional products which will use its proprietary technology.
 Presstek, Inc.
 Statement of Operations
 Three Months Ended For Year Ended
 Dec. 31, Dec. 31
 (unaudited)
 1992 1991 1992 1991
 Revenues $3,920,000 $2,044,000 $12,558,000 $3,619,000
 Costs and expenses 2,753,000 2,822,000 9,186,000 9,278,000
 Net income (loss) $1,107,000 ($149,000) $3,606,000 ($4,150,000)
 Net income (loss)
 per share 19 cents (3 cents) 63 cents (82 cents)
 Weighted average
 number of shares
 outstanding of
 common and common
 equivalent shares 5,724,000 5,140,000 5,687,000 5,087,000
 -0- 3/9/93
 /CONTACT: Jennifer McKay Tardif of Presstek, Inc., 603-595-7000/
 (PRST)


CO: Presstek, Inc. ST: New Hampshire IN: SU: ERN

DD -- NE008 -- 4366 03/09/93 08:51 EST
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Publication:PR Newswire
Date:Mar 9, 1993
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