Troubled Incomnet Posts $530,764 2nd-Quarter Loss

Incomnet, the troubled Westlake Village computer products firm, reported a $530,764 loss on revenue of $347,212 in the second quarter ended June 30. In the same period a year ago, the company lost $836,474 on revenue of $821,523.

Chief Financial Officer Anil Sharda said Incomnet needs more funding in order for its new marketing effort to succeed.

For the six months, the company lost $957,838 on revenue of $903,752. In the same period last year, the company lost $1.6 million on revenue of $1.5 million.