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RAMTEK CORP. ANNOUNCES A LOSS FOR ITS FIRST TWO QUARTERS ENDED DEC. 31, 1991

 RAMTEK CORP. ANNOUNCES A LOSS FOR ITS FIRST TWO QUARTERS
 ENDED DEC. 31, 1991
 SAN JOSE, Calif., Feb. 10 /PRNewswire/ -- Ramtek Corp. (NASDAQ: RMTK) today announced that its net revenues for the second quarter ended Dec. 31, 1991, were $3,023,000 as compared to $3,925,000 for the second quarter of fiscal year 1991. The company reported a net loss of $(2,224,000), or $(0.44) per share, for the second quarter of fiscal year 1992 as compared to $20,000, or $0.01 per share, for the comparable period of fiscal year 1991. As previously announced, the net loss for the second quarter of fiscal year 1992 included a restructuring charge and an inventory write-off totaling $1.8 million.
 For the six months ended Dec. 31, 1991, net revenues were $6,182,000 as compared to $8,223,000 for the comparable period in fiscal year 1991. The company reported a net loss for the first six months of fiscal year 1992 of $(2,215,000), or $(0.44) per share. For the comparable period of fiscal year 1991, net income was $123,000, or $0.03 per share, which included an extraordinary credit for utilization of net operating loss carryforwards of $22,000.
 Bill Finley, president, said "The second quarter of fiscal year 1992 represented a difficult transition period for the company. Ramtek had experienced disappointing customer interest in a product introduced in 1990, Millennium, and had lower than anticipated orders for certain of its older products. The company attributed the lower demands for its products to reductions in defense spending, continuing recessionary pressures and a major customer's decision not to purchase certain products." As a consequence, the company incurred a combined charge of $1.8 million related to the restructuring costs and additional reserves for its excess inventories.
 Finley further stated, "The company is now positioned to develop software solutions to its customers in the remote sensing market. At the same time, Ramtek will continue to manufacture and service its existing customer base of graphics/imaging products, including its long-term customer, Unisys Corp. for the NEXRAD program."
 Ramtek Corp., founded in 1971 and headquartered in San Jose, designs, manufactures and distributes imaging processing solutions for the remote sensing market. Applications include reconnaissance and surveillance, natural resource management, environmental studies and physical sciences.
 RAMTEK CORP.
 Consolidated Statements of Operations
 (In Thousands Except per Share Amounts)
 (Unaudited)
 Three Months Ended Six Months Ended
 Dec. 31, Dec. 31,
 1991 1990 1991 1990
 Revenue:
 Product sales $2,448 $3,238 $4,970 $6,783
 Service and other
 revenue 575 687 1,212 1,440
 Net revenue 3,023 3,925 6,182 8,223
 Costs and expenses:
 Cost of sales 1,517 1,865 2,963 3,997
 Restructuring charge
 and inventory
 write-off 1,800 -- 1,800 --
 Product development 578 912 1,132 1,740
 Selling, general and
 administrative 1,416 1,069 2,474 2,325
 Total costs and
 expenses 5,311 3,846 8,369 8,062
 (2,288) 79 (2,187) 161
 Interest income
 (expense) (16) (14) (28) 7
 Income (loss)
 before income tax
 expense and
 extraordinary credit (2,304) 65 (2,215) 168
 (Provision) credit
 for income taxes 80 (28) -- (67)
 Income (loss)
 before
 extraordinary
 credit (2,224) 37 (2,215) 101
 Extraordinary credit
 -- utilization of
 net operating loss
 carryforwards -- (17) -- 22
 Net income (loss) $(2,224) $20 $(2,215) $123
 Net income (loss) per
 share:
 Income (loss)
 before
 extraordinary
 credit $(0.44) $0.01 $(0.44) $0.02
 Extraordinary credit -- 0.00 -- 0.01
 Net income (loss)
 per share $(0.44) $0.01 $(0.44) $0.03
 Weighted average
 common shares
 outstanding 5,107 4,799 5,071 4,690
 -0- 2/10/92
 /CONTACT: Bill R. Finley of Ramtek, 408-954-2700/
 (RMTK) CO: Ramtek Corp. ST: California IN: CPR SU: ERN


DG -- SJ003 -- 8534 02/10/92 18:12 EST
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Date:Feb 10, 1992
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