Education Alternatives Inc.This Minneapolis-based school...

BY THE NUMBERS

November 14, 1992

Education Alternatives Inc.

This Minneapolis-based school management company reported yesterday that it lost $186,381 for the three-month period that ended Sept. 30 on revenues of $5.1 million, most of which stemmed from a partial payment of its five-year, $133-million contract to manage nine public schools in Baltimore.

The loss was much less than the $441,577 it lost for the same period last year.

The reduction, plus the fact that most of the loss came from $173,000 in start-up costs for the Baltimore program, indicated to analysts that the first company in the country to manage public schools was on the road to profitability.

The stock market agreed, with EAI's stock closing Friday up $1 a share at $15.75.

Three months ended 9/30

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

'92..... 5,154,984..... (186,381)... (0.05)

'91....... 596,131..... $(441,577)... (0.13)

% change.... +764.0..... ...... --...... --

Applied Research Corp.

This Landover-based high technology company, which specializes in research and development, technical support services and software development, posted a sharp decline in first-quarter earnings primarily because of unprofitable operations at its new ARSoftware division.

Applied Research of Maryland Inc., the company's subsidiary operating in the government contract arena, posted an operating profit of $81,297 for the quarter, while ARSoftware incurred an operating loss of $53,261 stemming mainly from start-up costs.

Three months ended 8/31

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

'92..... 1,851,995......... 9,000....00.00

'91..... 1,459,974........ 27,000....00.01

% change .....+26.8..........- 66.7...... NA

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