Urethane Technologies Inc.: The Irvine developer of...

Urethane Technologies Inc.: The Irvine developer of chemical compounds and manufacturing equipment posted a third-quarter net loss of $585,486, or 10 cents a share, compared with a 1991 quarterly loss of $332,316, or 17 cents a share. Revenue declined 23%, to $489,178. The year-to-date net loss was $2.6 million, or 48 cents a share, compared with a 1991 net loss of $1.3 million, or 75 cents a share. The company attributed the increased loss to hiring additional employees and a $500,000 non-cash charge from a lawsuit settlement. Revenue was up 44%, to $1.7 million.