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SCIENCE ACCESSORIES REPORTS SECOND QUARTER/SIX MONTHS RESULTS

 SCIENCE ACCESSORIES REPORTS SECOND QUARTER/SIX MONTHS RESULTS
 STRATFORD, Conn., June 9 /PRNewswire/ -- Science Accessories Corporation (NASDAQ: SEAS), a major manufacturer of sonic digitizers, today reported results for the second quarter and six months ended April 30, 1992.
 The company sustained a second quarter net loss of $167,484 or 4 cents per share on net sales of $532,462 compared to a net loss of $63,305 or 2 cents per share on net sales of $666,040 for the same period last year. For the six months, the company had a net loss of $234,546 or 6 cents per share on net sales of $1,309,590 vs. a net loss of $82,199, or 2 cents per share on net sales of $1,277,861 for the first half of the prior year.
 "Results for the second quarter are not indicative of sales and earnings anticipated for the full year," S. J. Sindeband, chairman and president, said. "We expect to see a continuation of benefits from increased operating efficiencies and an accelerated rate of shipments to our original equipment manufacturer (OEM) and value added reseller (VAR) customers," he added. "Results for the first half were adversely impacted by an increase in sales of products with lower profit margins and higher selling, general and administrative costs, related primarily to additional personnel and employee costs," Sindeband concluded.
 SCIENCE ACCESSORIES CORPORATION
 Financial Highlights (Unaudited)
 Periods ended Three Months Six Months
 April 30 1992 1991 1992 1991
 Net sales $ 532,462 $ 666,040 $1,309,590 $1,277,861
 (Loss) before income
 taxes (251,284) (98,005) (352,946) (128,899)
 Net (loss) $(167,484) $ (63,305) $ (234,546) $ (82,199)
 (Loss) per com. share $(.04) $(.02) $(.06) $(.02)
 Average shares
 outstanding 4,161,804 4,161,804 4,161,804 4,161,804
 -0- 6/9/92
 /CONTACT: S. J. Sindeband, chairman and president of Science Accessories, 203-386-9978/
 (SEAS) CO: Science Accessories Corporation ST: Connecticut IN: SU: ERN


TS-GK -- NY018 -- 8260 06/09/92 09:46 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
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