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Rosscomp Loses $1.2 Million in Fourth Quarter

March 31, 1985

Rosscomp Corp., a loss-plagued Costa Mesa computer parts maker, lost $1.2 million in its fourth quarter and ended its 1984 fiscal year with a total loss of $3.8 million, the company reported. The latest red ink compares with a fourth-quarter loss of $929,000 last year and a $2.4 million loss for all of the 1983 fiscal year.

Revenues for the fourth quarter, ended Nov. 30, were $77,000, up 41% from revenues of $41,000 reported for the same period of 1983. Revenues for all of 1984 were $383,000, nearly 40% less than the $632,000 recorded the year earlier.

Rod Hosilyk, Rosscomp president and chief operating officer, blamed a variety of factors for the company's problems last year, including the temporary suspension last summer of printed circuit board systems, its major product line, because of manufacturing defects. Shipments of the products resumed in November.

Psychiatric Centers Group Reports 31% Quarterly Rise

Largely due to increased patient admissions at its network of psychiatric hospitals, Community Psychiatric Centers of Santa Ana reported that its first-quarter 1985 earnings rose nearly 31% to $10.9 million, from $8.4 million in the year-ago quarter.

Revenues for the period ended Feb. 28 increased 25% to $52.7 million from $42 million the year earlier.

In addition to its psychiatric hospitals, the company operates a chain of kidney dialysis units, provides alcoholic treatment services and owns a home health care services business.

In the first quarter, revenues at the company's psychiatric hospitals were $35.3 million, up 31% from the $26.8 million of the year-ago period. Operating profit from the hospitals was $15.2 million.

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