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SYNTELLECT ANNOUNCES THIRD QUARTER AND NINE MONTHS RESULTS

 SYNTELLECT ANNOUNCES THIRD QUARTER AND NINE MONTHS RESULTS
 PHOENIX, Oct. 12 /PRNewswire/ -- Syntellect Inc. (NASDAQ: SYNL), a leading supplier of interactive voice response systems today announced results of operations for the third quarter and nine-month period ended Sept. 30, 1992.
 Net revenues for the third quarter were $10.8 million, up 48 percent from revenues of $7.3 million for the same quarter last year. Net income for the third quarter was $569,000, or $.07 per share, compared to net income of $87,000, or $.01 per share, for the comparable quarter in 1991.
 For the nine-month period ended Sept. 30, 1992, net revenues were $27.6 million, up 36 percent from revenues of $20.3 million for the same period last year. The net loss for the nine-month period was $652,000, or $.08 per share, compared to a net loss of $2.5 million, or $.30 per share for the comparable period in 1991.
 Thomas R. Mayer, chairman, president and chief executive officer said, "We are extremely encouraged by the third quarter results of operations. Our performance reflects record quarterly net revenues and is due to the positive actions taken during the second quarter of 1992 to change the company's operating structure and improve profitability. We believe the increase in revenues and return to profitability makes a strong statement about Syntellect's future."
 Mayer continued, "We strongly believe in the prospects for interactive voice response and are continuing to position the company to capitalize on that market. The acquisition of Dytel Corp. and Urix Corp. during the third quarter of 1992 are examples of strategic acquisitions designed to improve our market position through greater distribution channels, product development resources and a strong patent portfolio. The balance sheet continues to be strong and will provide us funds for the excellent growth opportunity we see in this industry."
 Syntellect Inc. develops, markets and supports a family of interactive voice processing systems and is a leading supplier of these systems worldwide. The company has shipped more than 7,000 INFOBOT systems to nearly 950 customers, representing a wide variety of major corporate and institutional customers. Syntellect is headquartered in Phoenix with offices throughout the United States and in Hong Kong, Toronto and London.
 SYNTELLECT INC. AND SUBSIDIARIES
 Condensed Consolidated Statements of Operations
 Three and Nine Months Ended Sept. 30, 1992 and 1991
 (In thousands, except per share amounts)
 Three months ended Year ended
 Sept. 30, Sept. 30,
 1992 1991 1992 1991
 Net revenues:
 Product $9,423 $6,211 $23,744 $17,482
 Support 1,379 1,080 3,896 2,785
 Total net revenues 10,802 7,291 27,640 20,267
 Costs and expenses:
 Cost of revenues 3,257 2,084 8,487 6,640
 Selling, general and
 administrative 5,549 4,117 16,274 13,243
 Research and
 development 1,671 1,386 4,366 4,064
 Total costs
 and expenses 10,477 7,587 29,127 23,947
 Operating income (loss) 325 (296) (1,487) (3,680)
 Interest income, net 244 383 835 1,216
 Net income (loss) $569 $87 ($652) ($2,464)
 Net income (loss) per
 common and equivalent
 share $.07 $.01 ($.08) ($.30)
 Shares used in per share
 calculations 8,307 8,192 8,288 8,172
 SYNTELLECT INC. AND SUBSIDIARIES
 Condensed Consolidated Balance Sheets
 Sept. 30, 1992, and Dec. 31, 1991
 (In thousands)
 1992 1991
 Assets
 Current assets:
 Cash and short-term investments $22,792 $27,920
 Receivables, net 11,799 7,541
 Inventories 8,172 7,409
 Prepaid expenses 460 315
 Total current assets 43,223 43,185
 Property and equipment, net 5,122 4,817
 Purchased technology and
 other assets, net 4,252 918
 Total $52,597 $48,920
 Liabilities and Shareholders' Equity
 Current liabilities:
 Accounts payable and
 accrued liabilities $5,916 $2,680
 Customer deposits 469 295
 Deferred revenue 2,479 1,742
 Current portion of
 long-term obligations 23 37
 Total current liabilities 8,887 4,754
 Long-term obligations,
 less current portion 3 18
 Shareholders' equity 43,707 44,148
 Total $52,597 $48,920
 -0- 10/12/92
 /CONTACT: Evon Theis of Syntellect, 602-789-2802/
 (SYNL) CO: Syntellect Inc. ST: Arizona IN: CPR SU: ERN


BP-EH -- LA020 -- 8937 10/12/92 16:00 EDT
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Date:Oct 12, 1992
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