Datametrics Corp. Posts Loss of $9.2 Million
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Datametrics Corp., the struggling Woodland Hills printer maker, posted a massive loss in its fourth quarter.
Datametrics posted a net loss of $9.2 million on revenues of $5 million for the fourth quarter that ended Oct. 27.
In the same period a year ago, the company had a $3 million loss on revenues of $6.8 million.
For the full fiscal year, Datametrics suffered a net loss of $17.4 million, compared to a loss of $9.2 million a year earlier.
Revenues in the latest fiscal year climbed 2% to $19.3 million, up from $18.9 million.
Last fall the company’s board of directors brought in a new group of top executives.
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