MICRONETICS REPORTS 104% INCREASE IN SECOND QUARTER SALES
Hudson, NH - (BUSINESS WIRE) - November 14, 2005 - Micronetics, Inc. (Nasdaq:NOIZ), today reported record sales of $6,958,065 for the second quarter of fiscal year ending March 31, 2006 (FY 2006) compared to second quarter of FY 2005 sales of $3,413,670. The increase resulted from both the sales of recently acquired Stealth Microwave, Inc. as well as continued growth in sales of the Company's core microwave components. The consolidated results announced today reflect Stealth's first full quarter as part of Micronetics. Net sales for Micronetics, excluding Stealth, increased by 33% to $4.5 million during the second quarter compared to the same period one-year ago.

Pre-Tax earnings increased 121% to $1,033,926 for the second quarter of FY 2006 from $468,309 for the second quarter of FY 2005. Net earnings increased 102% to $615,001 or $.14 per basic and diluted share during the quarter from $304,401 or $.07 per basic and diluted share for the second quarter of FY 2005. For the first six months of FY 2006, sales rose approximately 60% to $10,899,197 compared to $6,793,001 for the first half of FY 2005. Net sales for Micronetics, excluding Stealth, for the first six months of FY 2006 were $8.1 million or a 19% increase over FY 2005. Net earnings for the first six months increased to $934,700 compared to $654,348 during the first six months of FY 2005.

Bookings during the quarter were approximately $6 million. At the end of the second quarter of FY 2006, Micronetics' backlog was approximately $14 million compared to $15 million at the end of the first quarter of FY 2006.

Dave Robbins, Micronetics' CEO comments, "Our near term strategy of first-to-market on high performance enabling microwave components for BWA (Broadband Wireless Access) applications continues to win in the marketplace. These wins are paving the way for our longer-term strategy of supplying integrated subsystems by combining Stealth products with our other microwave components. This quarter's results show that our investment in Stealth Microwave is already delivering results for Micronetics. Stealth's product offerings are enabling it to grow rapidly and contribute to our net earnings."

Dave Robbins continued, "Our IFE&C (In-Flight Entertainment and Communications) has been steadily gathering momentum as we continue our trend of increased capacity. In addition, our test equipment continues to gain acceptance in the satellite market because it performs better than any other on the market."

At the end of the quarter, Micronetics cash balance was $2.3 million with $7.1 million in total debt compared to $2.4 million in cash and $1.2 million in total debt at March 31, 2005.

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, IP Wireless, ITT, L-3 Communications, Lockheed Martin, Northrop Grumman, Qualcomm, Raytheon, Teradyne, Tektronix, Thales and UTStarcom. Micronetics also operates through its wholly owned subsidiaries, Enon Microwave, Inc.; Microwave & Video Systems, Inc.; Microwave Concepts, Inc. and Stealth Microwave, Inc. 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 the success of the products into which the Company's products are integrated, internal projections as to the demand for certain types of equipment, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, access to financial resources, future economic conditions 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, 2005.


INCOME STATEMENT DATA
(000s omitted except per share data) 
                      		 	Six Months Ended      	  Three Months Ended
					  September 30,	   	     September 30,
			    	        2005        2004     	  2005          2004
                            	       ------      ------     	 ------        ------
Net sales                  	       $10,899     $6,793        $6,958        $3,414                   
Net income                   	       $   935     $  654        $  615        $  304
Net income per diluted share:	       $      .21  $     .15     $     .14     $     .07           

Wgt. avg. shares 
Outstanding-diluted:        		 4,517      4,418         4,532         4,451          

BALANCE SHEET DATA
 	            		       September 30, 2005             March 31, 2005 
                             	       ------------------             --------------
Working capital	               	           $ 9,725		         $ 8,189                 
Total assets		           	    24,700		          14,636                  
Non-current liabilities          	     7,515		             904                   
Shareholders' equity	       	           $12,977		         $11,815

Contact
Micronetics
Richard S. Kalin, President
212-239-8900 x22

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