Essex Corp.'s revenue dips 15% in quarter, but earnings soar Company's profits post 1027% gain

October 27, 1992

Columbia-based Essex Corp. said yesterday that a 15 percent drop in revenue in the quarter than ended Sept. 27 was directly related to the loss of a Department of Energy training contract in November 1991. But an improvement in bottom-line results for the quarter was attributed, in part, to the completion of several fixed-price programs. The high-tech company supplies training products, as well as image processing equipment, to government and commercial clients. The firm's comparable quarter in 1991 ended Sept. 29.

Three months ended 9/27/92

......Revenue... .... .... Net.... .... .... Share

'92 ..3,563,000... ... .. 124,000... ... . 0.07

..4,198,000... ... .. .11,000... ... . 0.01

change -15.1... ... ... +1027.3... ... .. +600.0

Nine months ended 9/27/92

......Revenue... .... .... Net.... .... .... Share

'92...9,683,000... ... ...(162,000)... ... (0.10)

'91...12,764,000... ... . (545,000)... ... (0.33)

% change -24.1... ... ... .. --... ... ... ... --

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