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O.C. EARNINGS

August 08, 1993

Irvine Sensors Corp.: The Costa Mesa developer of high-density packages of computer electronics and infrared devices incurred a net loss of $316,500, or 2 cents a share, in its third fiscal quarter, contrasted with a profit of $104,600, or 1 cent a share, for the corresponding period in 1992. Revenue for the quarter ended June 27 was down 8%, to $1.1 million from $1.2 million. The prior-year period included $360,000 of licensing income from Irvine Sensors' joint development agreement with IBM. The net loss for the first nine months of fiscal 1993 was $1.1 million, or 9 cents a share, compared to a year-earlier loss of $329,400, or 3 cents a share. Revenue declined 10%, to $2.8 million from $3.1 million.

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