Datametrics Corp. Reports Loss of $2.48 Million in Quarter

Datametrics Corp., a Woodland Hills-based producer of high-tech computer printers, reported steep losses and a sharp drop in revenue for its fiscal second quarter and the six-month period that ended April 30.

The company, which is trying to find commercial markets for its products after long depending on Department of Defense contracts, posted a quarterly loss of $2.48 million, compared to a profit of $29,000 in the same three-month period a year earlier. Sales dipped to $3.9 million, about half the $6.73 million in sales the company reported in the second quarter of 1994.

For its six-month period, the company posted a loss of $4.05 million on sales of $7.35 million, compared to a year-earlier loss of $213,000 on sales of $12.4 million.

Sidney Wing, chief executive of Datametrics, said the company’s financial results “were impacted by continued heavy investment in our commercial high-speed color printer development and lower defense revenues.”

Datametrics also said it has filed a statement with the Securities and Exchange Commission requesting permission to go forward with a public offering of 2 million shares of common stock.

The net proceeds of the secondary offering would be used to fund development of high-speed color printers, to redeem all of the company’s outstanding shares of redeemable preferred stock, and for other general purposes.