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SEC Filings
10-Q
ARGON ST, INC. filed this Form 10-Q on 12/13/1995
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                      PART I - FINANCIAL INFORMATION

                DAEDALUS ENTERPRISES, INC. AND SUBSIDIARIES
        CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - UNAUDITED

                                                   Three Months Ended
                                                       October 31,
                                                   ------------------  
                                                    1995        1994
                                                   ------      ------
Operating Revenue
   Standard products.............................$ 488,576    $30,901
   Product development...........................   64,692    376,488
                                                  --------    -------  
                                                   553,268    407,389
Other Income.....................................      325      2,148
                                                  --------    -------   
                                                   553,593    409,537
Cost and Expenses
   Cost of revenue - standard products...........  346,815      8,818
   Cost of revenue - product development.........   66,514    208,878
   Research and development......................  117,529    267,719
   Selling and administrative....................  303,994    360,447
   Interest......................................   16,383     11,314
                                                  --------    -------
                                                   851,235    857,176
                                                   -------    -------
                      LOSS BEFORE INCOME TAXES    (297,642)  (447,639)
Credit for Income Taxes - Note D.................  (17,000)  (151,000)
                                                   -------    -------
                                      NET LOSS   $(280,642) $(296,639)
                                                   =======    =======
                   NET LOSS PER SHARE - Note F     $ (0.54)   $ (0.58)
                                                      ====       ====     
                 DIVIDENDS DECLARED PER SHARE      $  0.00    $  0.08
                                                      ====       ====

The accompanying notes are an integral part of these condensed financial
statements


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