Hudson, NH -- (BUSINESS WIRE) - November 12, 2007 -- Micronetics, Inc. (NASDAQ:NOIZ) today reported results for its second quarter (Q2 FY2008) and six months ended September 30, 2007, which include the results of MICA Microwave Corporation ("MICA") from the acquisition date of June 5, 2007.

Net sales for Q2 FY2008 were $9.8 million, an increase of 93% or $4.7 million compared to $5.1 million for Q2 FY2007. Included in Q2 FY2008 was $1.3 million in net sales attributable to MICA. The increase in net sales resulted from both organic sales growth of the Company's high-powered amplifier products, as well as from net sales associated with MICA. For Q2 FY2008 the Company reported net income of $618,159 or $.12 per diluted share, as compared to net income of $41,260 or $0.01 per diluted share for Q2 FY2007.

Net sales for the six months ended September 30, 2007 were $16.1 million, an increase of 35% or $4.2 million compared to $11.9 million for the six months ended September 30, 2006. Included in the period was $1.9 million in net sales attributable to MICA. The organic increase in net sales was primarily attributable to an increase in net sales of the Company's high-powered amplifier products. For the six months ended September 30, 2007 the Company reported net income of $803,253 or $.16 per diluted share, as compared to net income of $589,553 or $0.12 per diluted share for the six months ended September 30, 2006.

Backlog at September 30, 2007 was $15.9 million, as compared to backlog of $19.0 million at June 30, 2007. Bookings during Q2 FY2008 were $6.5 million, as compared to $10.0 million in Q1 FY2008.

David Robbins, Micronetics' President and CEO stated, "We are pleased with our Q2 financial performance, as we demonstrated improvement over our first quarter of fiscal 2008. The $6.5 million in bookings in the quarter reflects ongoing growth of our core business. We are excited about the pipeline of opportunities in our growth business segments: jamming devices for military and In-flight broadband communications, which we expect to convert into significant bookings over the next few quarters. The integration of MICA is also expected to add to our bookings growth. In addition, we will continue to expand our manufacturing capacity to support our customer's requirements."

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 communications equipment. Micronetics serves a diverse customer base, including Aerosat, Airspan, BAE Systems, Boeing, EADS, General Dynamics, Harris, IPWireless, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Qualcomm, Raytheon, Teradyne, Tektronix, Thales and UTStarcom. Additional information can be found on our website at 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 for its fiscal year ended March 31, 2007.

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

			           Quarter Ended September 30, 
                                      2007              2006
                                     ------            ------
Net sales                            9,763             5,061

Gross profit                         3,652             1,748

Research and development               159               224
		
Selling, general and 		
 Administrative expenses             1,992             1,136
		
Amortization of intangibles            183               178
		
Other (expense)                       (237)              (52)
		
Income before income taxes           1,081               156
		
Provision for income taxes             463               115
		
Net income                             618                41
		
Net income per common share:		
   Basic                                 0.12              0.01
   Diluted                               0.12              0.01
		
Weighted average shares		
   Basic                             4,975             4,642	
   Diluted                           5,013             4,808	
       	       

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

			           Six Months Ended September 30, 
                                      2007              2006
                                     ------            ------
Net sales                           16,074            11,868

Gross profit                         6,045             4,784

Research and development               313               412
		
Selling, general and 		
 Administrative expenses             3,630             2,836
		
Amortization of intangibles            366               356
		
Other (expense)                       (240)             (109)
		
Income before income taxes           1,496             1,070
		
Provision for income taxes             693               481
		
Net income                             803               590
		
Net income per common share:		
   Basic                                 0.16              0.13
   Diluted                               0.16              0.12
		
Weighted average shares		
   Basic                             4,874             4,627	
   Diluted                           4,911             4,884