FOR IMMEDIATE RELEASE: November 2, 2010

MICRONETICS REPORTS SECOND QUARTER RESULTS FOR FISCAL YEAR
Hudson, NH -- (BUSINESS WIRE) - November 2, 2010 -- Micronetics, Inc. (NASDAQ:NOIZ) today reported results for its second quarter ended September 25, 2010 (Q2 FY 2011).

Net sales for Q2 FY 2011 were $9.0 million, an increase of 2% compared to $8.8 million for Q2 FY 2010.

Net income for Q2 FY 2011 was $472,717 or $0.10 per diluted share as compared to net income of $186,323 or $0.04 per diluted share for Q2 FY 2010.

Net sales for the twenty-six weeks ended September 25, 2010 were $18.4 million, an increase of 10% compared to $16.7 million for the twenty-six weeks ended September 26, 2009. Sales increased due to growth in our integrated sub-systems business.

Net income for the twenty-six weeks ended September 25, 2010 was $972,567 or $0.21 per diluted share as compared to net income of $174,258 or $0.04 per diluted share for the twenty-six weeks ended September 26, 2009.

Backlog was $29 million at the end of Q2 FY 2011.

David Robbins, Micronetics' CEO stated, "We are pleased that our operating profit has remained consistent over the past three quarters. We look forward to converting growth opportunities, now in the pipeline for our integrated subsystems, into contracts over the next few quarters. At the same time, we expect to see continued steady bookings in our core components business".

Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communication equipment. Micronetics serves a diverse customer base, including BAE Systems, Boeing, EADS, General Dynamics, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell, Teradyne, and Thales. Additional information can be found on our website at http://www.micronetics.com.

Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to reductions in spending by certain of our customers, our ability to operate and integrate acquired companies, our ability to manage our growth, disruptions in supply or production, increased levels of debt, our ability to protect our proprietary information, future economic conditions in our industry and generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report on Form 10-K for its fiscal year ended March 31, 2010 as well as its other filings with the Securities and Exchange Commission.

INCOME STATEMENT DATA
($000s omitted except per share data) 


				
			       	    Thirteen Weeks Ended
			 	Sep. 25, 2010   Sep. 26, 2009   
		
                                       		
Net sales                           $8,984         $8,820
		
Gross profit                         3,076          2,882
		
Research and development               344            540
		
Selling, general and                 1,740          1,813
 administrative expenses               		
		
Loss on disposal of asset               14              -  	
		
Amortization of intangibles             87             87
		
Other expense                           74            119
		
Income before income taxes             817            323
		
Provision for income taxes             344            137
		
Net income                             473            186
		
Net income per common share:		
 Basic                                   0.10           0.04
 Diluted                                 0.10           0.04
		
Weighted average shares 		
 Outstanding:		
 Basic                               4,554          4,554
 Diluted                             4,565          4,554
		


INCOME STATEMENT DATA
($000s omitted except per share data) 
		
			           Twenty-Six Weeks Ended
				Sep. 25, 2010   Sep. 26, 2009   
		
                                       		
Net sales                          $18,351        $16,733
		
Gross profit                         6,476          5,358
		
Research and development               831            846
		
Selling, general and                 3,625          3,837
 administrative expenses               		
		
Loss on disposal of asset               14              -  
		
Amortization of intangibles            174            174
		
Other expense                          145            199
		
Income before income taxes           1,687            302
		
Provision for income taxes             714            128
		
Net income                             973            174
		
Net income per common share:		
 Basic                                   0.21           0.04
 Diluted                                 0.21           0.04
		
Weighted average shares 		
 Outstanding:		
 Basic                               4,554          4,554
 Diluted                             4,564          4,554

Contact
David Robbins, President
Micronetics, Inc.
(603) 883-2900 x 317

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