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

Urethane Technologies Inc.: The Irvine developer of polyurethane technology said it lost $724,147, or 12 cents a share, for the first quarter, compared with a year-earlier loss of $1.2 million, or 24 cents a share. The 1992 figure reflects a $500,000 non-cash litigation settlement expense. Revenue rose 63%, to $527,130 from $323,654.