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RCM TECHNOLOGIES REPORTS FOURTH QUARTER AND YEAR-END RESULTS

 RCM TECHNOLOGIES REPORTS FOURTH QUARTER AND YEAR-END RESULTS
 PENNSAUKEN, N.J., Feb. 14 /PRNewswire/ -- RCM Technologies, Inc. (NASDAQ: RCMT) today reported results for the fourth quarter and fiscal year ended Oct. 31, 1991.
 For the fourth quarter ended Oct. 31, 1991, revenues decreased 12.5 percent to $6,489,804 from $7,418,740 in the year-ago period. Net loss for the quarter was $515,604 or $(.03) per share, compared to a net loss of $18,932, or $.00 per share last year.
 Revenues for the fiscal year ended Oct. 31, 1991 decreased 15.7 percent to $23,169,403 from $27,479,261 in the year-ago period. Net loss for the fiscal year was $1,918,284, or $(.13) per share, compared with $463,476, or $(.03) per share reported last year.
 "While these results are obviously disappointing, we have taken a number of important steps to streamline our operations and strengthen the company's financial position," said Leon Kopyt, president of RCM Technologies. "These include reducing operating expenses, consolidating several offices, improving our gross profit margins, and increasing our sales."
 "We are already seeing some positive results from these management actions and are encouraged by the preliminary financial data for our first fiscal quarter," said Kopyt.
 RCM Technologies, Inc. is involved in the development and marketing of its patented System "99" which is designed to control hazardous emissions from smoke stacks, a major cause of acid rain. RCM also provides professional engineering and technical services through 12 offices nationwide, to major corporations in aerospace, chemical and industrial manufacturing.
 RCM TECHNOLOGIES, INC.
 Summary Financial Information
 (unaudited)
 Periods ended Three months Twelve months
 Oct. 31, 1991 1990 1991 1990
 Revenues $6,489,804 $7,418,740 $23,169,403 $27,479,261
 Net (Loss) $ (515,604) $ (18,932) $(1,918,284) $ (463,476)
 Net (Loss)
 per share $(.03) $.00 $(.13) $(.03)
 Average Shares
 Outstanding 14,339,239 14,313,913 14,322,541 14,086,452
 -0- 2/14/92
 /CONTACT: Leon Kopyt, president of RCM Technologies, 609-486-1777/
 (RCMT) CO: RCM Technologies, Inc. ST: New Jersey IN: SU: ERN


SH -- NY046 -- 0243 02/14/92 13:30 EST
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Publication:PR Newswire
Date:Feb 14, 1992
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