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THERMO CARDIOSYSTEMS INC. ANNOUNCES SECOND QUARTER RESULTS

 WOBURN, Mass., Aug. 10 /PRNewswire/ -- Thermo Cardiosystems Inc. (AMEX: TCA) today reported revenues of $816,000 for the quarter ended July 3, 1993, compared with $663,000 in 1992. Net income for the quarter was $79,000, compared with $100,000 in 1992.
 "At the end of the second quarter, we submitted our response to questions from the U.S. Food and Drug Administration concerning the commercial approval application for our air-driven left ventricular- assist device," said Victor L. Poirier, president of Thermo Cardiosystems. "This represented another significant step for the company."
 Thermo Cardiosystems Inc. is a leader in research and development of implantable ventricular-assist devices. These devices are designed to perform substantially all or part of the pumping function of the left ventricle of the natural heart for patients suffering from cardiovascular disease. The company's devices are currently intended for investigational use only. Thermo Cardiosystems is a public subsidiary of Thermedics Inc (AMEX: TMD), and Thermo Electron Corporation (NYSE: TMO).
 Thermo Cardiosystems Inc. Financial Highlights
 Three Months Ended Six Months Ended
 7/3/93 6/27/92 7/3/93 6/27/92
 Revenues $816,000 $663,000 $1,486,000 $1,082,000
 Income (Loss)
 before income
 taxes 91,000 117,000 148,000 (17,000)
 Net income
 (loss) 79,000 100,000 123,000 (39,000)
 Earnings (loss)
 per share 1 cent 1 cent 1 cent ---
 Weighted
 average
 shares 11,030,000 9,872,000 11,030,000 9,249,000
 -0- 8/10/93
 /CONTACT: John N. Hatsopoulas, Thermo Electron, 617-622-1111/
 (TCA TMO TMD)


CO: Thermo Cardiosystems, Inc.; Thermo Electron; Thermedics ST: Massachusetts IN: HEA SU: ERN

CM-DJ -- NE006 -- 1088 08/10/93 09:46 EDT
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Publication:PR Newswire
Date:Aug 10, 1993
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