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To: Panita who wrote (75181)	5/14/1999 5:09:00 PM
From: Ron	Read Replies (1) \| Respond to of 119973

Just found this one. Great earnings acceleration--report just out. Small float and volume. DTSI will move. I bought some just before the close. FYI VISTA, Calif.--(BUSINESS WIRE)--May 14, 1999--Datron Systems Inc. (Nasdaq:DTSI - news)today announced results for its fourth quarter and 1999 fiscal year ended March 31, 1999. Net income for the quarter was $575,000, or $0.21 per share, compared with a net loss in the fourth quarter last fiscal year of $3,111,000, or $1.16 per share. Net sales for the fourth quarter were $14,800,000, a 21% increase from fourth quarter net sales last fiscal year of $12,269,000. The improvement from a net loss to net income for the recent quarter was primarily due to improved gross profits resulting from higher sales and from production efficiencies at the company's Antenna and Imaging Systems business segment, as well as from a more favorable product mix at the Communication Products business segment. The fourth quarter net loss in fiscal 1998 included the write-off of the company's investment in EarthWatch Inc. of $1,113,000, or $0.42 per share. The improvement in net sales in the fourth quarter was due to higher sales of remote sensing systems. Net income for the fiscal year ended March 31, 1999 was $1,702,000, or $0.63 per share, compared with a net loss of $3,163,000, or $1.18 per share, in fiscal 1998. Fiscal 1999 net sales were $59,084,000, an 8% increase from fiscal 1998 net sales of $54,628,000. The improvement from a net loss in fiscal 1998 to net income in fiscal 1999 was primarily due to higher gross profits, partially offset by an increase in new product development expenses. The increase in net sales was primarily due to higher sales of remote sensing systems and mobile direct broadcast satellite antenna products. David A. Derby, chairman, president and chief executive officer, stated, ''Although we certainly take satisfaction in reporting these improved results for fiscal 1999, a more complete picture of our corporate health requires a look beyond sales and profits. During fiscal 1999, the company's cash increased nine fold from $0.6 million to $5.5 million, while long-term debt decreased $2.3 million, or 42%. As our financial strength increased, resources were applied to strengthen our products. R&D spending reached $3.3 million, a 65% increase from the previous year. Finally, and possibly most significantly, 40% of our $59 million in net sales was generated from remote sensing satellite earth stations and direct broadcast satellite TV systems. Neither of these product lines existed before fiscal 1994.''