Applied Research Corp... .. .. .. .. .. ..Ticker...

EARNINGS

January 13, 1994

Applied Research Corp.

.. .. .. .. .. .. ..Ticker .. .. .. .. .. .. .. .Yesterday's

.. .. .. .. .. .. ..Symbol .. .. .. .. ..Cls... .. .. ..Chg.

.. .. .. .. .. .. ...ARL .. .. .. .. .. .7/16.. .. .. .. .-Period ended

Nov. 30 .. .. .. ..2nd qtr. .. .. .. ..Year ago .. .. .Chg.

Revenue .. .. .. ..$2,398 .. .. .. .. ..$1,804 .. ...+32.9%

Net Income .. .. .. .$12 .. .. .. .. .. .($39).. .. .. .-

Primary EPS .. .. .$0.00 .. .. .. .. ..($0.01).. .. .. .-

.. .. .. .. .. .. .6 mos. .. .. .. .. .Year ago .. .. .Chg.

Revenue .. .. .. .$4,612 .. .. .. .. ..$3,537 .. .. .+30.4%

Net Income .. .. ...$164 .. .. .. .. .. .$11 .. .. .. ..-

Primary EPS .. .. .$0.01 .. .. .. .. ..($0.01).. .. .. .-

Figures in thousands (except per share data.)

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