General Kinetics Inc.This Rockville maker of secured...

EARNINGS

December 04, 1992

General Kinetics Inc.

This Rockville maker of secured facsimile machines, food testing equipment and other high-tech devices reported a loss of $617,400 during its first fiscal quarter, which ended Aug. 31.

The results followed a loss of $3.55 million during the fiscal year that ended May 31.

These losses have caused a cash-flow shortage that has further hurt the operation by hampering efficient planning and forcing the company to pay premium prices for raw materials, according to a statement.

However, the company is in the final stages of closing a deal with a Swiss investor, Gutzwiller and Partner A.G., that would infuse $5 million into General Kinetics in exchange for 2.6 million shares of common stock and subordinated convertible debentures with a face value of $2.75 million.

Pending the closing, Gutzwiller has advanced the company $3.4 million.

Three months ended 8/31

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

92.. ....3,079,200.. .. .. ..(617,400).. .. .. .. .. (0.29)

91.. .. .5,411,000.. .. .. ..395,500.. .. ... .. .. 0.18

% change.. .. 43.1.. .. .. .. ... NA.. .. .. .. .. . .. NA

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