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ZYGO REPORTS FOURTH-QUARTER AND FISCAL 1993 RESULTS

 MIDDLEFIELD, Conn., Aug. 18 /PRNewswire/ -- Zygo Corporation (NASDAQ: ZIGO) today reported sales and net earnings for the year ended June 30, 1993. Net sales were $22,702,000 compared to net sales of $26,744,000 for the year ended June 30, 1992, which in 1992 included $3,582,000 of net product sales relating to the IMAGE product line divested in June 1992. The company reported net earnings of $481,000, or $.18 per share, for the fiscal year ended June 30, 1993, compared to net earnings and earnings per share in the year earlier of $632,000 and $.24, respectively. The company noted that in the year ended June 30, 1993, it recorded pretax income of $400,000 relating to a contingent payment from LaserMike, the purchaser of the IMAGE product line, while in the year ended June 30, 1992, it recorded pretax income (net of restructuring charge) of $392,000 relating to its restructuring and sale of the IMAGE product line.
 Net sales for the quarter ended June 30, 1993, amounted to $5,126,000 vs. $5,628,000 in the comparable prior year period. Net earnings in the quarter ended June 30, 1993, were $253,000, or $.09 per share, compared to $583,000, or $.22 per share, in the quarter ended June 30, 1992. Income in the quarter ended June 30, 1993, included the contingent payment of $400,000 noted above. In the quarter ended June 30, 1992, the company recorded an increase in its pretax income of $1,006,000 related to the restructuring and the sale of the IMAGE product line.
 Backlog at June 30, 1993, amounted to $5,871,000 compared to backlog of $6,127,000 at June 30, 1992. The company believes that order levels continue to be sluggish as a result of ongoing economic uncertainties in the company's major markets. The company continues to maintain strict cost controls while at the same time continuing its strategic investments in product development and marketing to maximize its share of the markets it serves.
 Zygo Corporation designs, develops, manufactures, and markets high- performance noncontact electro-optical measuring instruments and accessories, and manufactures precision optical components. The firm is based in Middlefield, Conn.
 ZYGO CORPORATION
 (Thousands, except per share amounts)
 Periods ended Three Months Year
 June 30 1993 1992 1993 1992
 Net sales $ 5,126 $ 5,628 $22,702 $26,744
 Net earnings $ 253 $ 583 $ 481 $ 632
 Net earnings per share $ .09 $ .22 $ .18 $ .24
 Weighted average common
 shares and dilutive
 equivalents outstanding 2,636 2,594 2,601 2,600
 -0- 8/18/93
 /CONTACT: Mark J. Bonney, vice president-finance and administration of Zygo Corporation, 203-347-8506/
 (ZIGO) CO: Zygo Corporation ST: Connecticut IN: SU: ERN


SM -- NY052 -- 3978 08/18/93 14:31 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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