Creative Computer Posts 3rd-Quarter Loss
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Creative Computer Applications lost $291,528, or 3 cents a share, in the third quarter ended May 31, contrasted with a profit of $107,608, or 1 cent a share, in the same period a year earlier, according to a Securities and Exchange Commission filing. Third-quarter sales fell 46%, to $847,938.
For the nine-month period, the Calabasas company, which makes equipment to record laboratory test results, said it lost $1.2 million, or 12 cents a share, versus a loss of $42,150 a year earlier. For the nine months, revenue fell 36%, to $2.4 million.
The company has attributed its recent problems to a weak market for its equipment and to distribution problems.
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