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ORANGE COUNTY EARNINGS

Genisco Reports $2.9-Million Loss

January 22, 1992

Genisco Technology Corp., the Anaheim computer products company, reported a loss of $2.9 million, or $1.06 per share, on revenue of $23.8 million for its fiscal 1991, which ended on Sept.30.

The company's quarterly results included $3.7 million in net non-cash and non-recurring costs.

For the corresponding period a year earlier, Genisco lost $1.2 million, or 43 cents per share, on revenue of $28.7 million. The 1990 loss included a $2.1-million write-down for inventory costs related to discontinued products.

For the fourth quarter, the company lost $2.8 million, or $1.03 per share, contrasted with a loss of $1.4 million, or 50 cents per share, for the previous year. Revenue declined 5%, to $6.1 million, from $6.4 million.

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