The following table sets forth the Company's financial results for the
nine month period ending September 30, 1998 and 1997.
<TABLE>
Unaudited Consolidated Statement of Income
<CAPTION>
CONSOLIDATED STATEMENT OF INCOME)
Three months ending Sep 30 Nine months ending Sep 30
<S> <C> <C> <C> <C>
1998 1997 1998 1997
Total Revenue $503,442 $464,079 $1,176,013 $1,520,869
Cost of Goods 303,230 276,077 746,230 1,009,465
Gross Profit 200,212 188,002 429,783 511,404
S,G,&A Expense 147,933 153,308 457,619 435,737
Operating Income(Loss) 52,279 34,694 (27,836) 75,667
Other Income (Expense) (13,156) 35,208 (8,516) 83,244
Interest Expense 11,859 11,123 36,321 38,802
Net Income (Loss) $27,264 $58,779 ($72,673) $120,109
Shares Outstanding 22,977,975 22,218,881 22,977,975 22,218,881
Earnings Per Share .001 .003 (.003) (.005)
</TABLE>
Both sales and costs were about the same for the third quarter in both
years. Higher net income in 1997 was due primarily to the receipt in the
1997 quarter of $50,000 of non-operating income which was not repeated in
the 1998 quarter.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TVI CORPORATION
/s/Allen E. Bender
Allen E. Bender, President
October 27, 1998
