Gradco Systems Inc., a Santa Ana manufacturer of copying machine equipment, said it posted record earnings of $1.3 million for the third quarter ended Dec. 31, compared with a net loss of $1.6 million in the third quarter of its 1985 fiscal year.
Revenues from continuing operations for the fiscal 1986 third quarter totaled $12.5 million, more than three times the $3.7 million posted the previous year.
Gradco also recorded record nine-month net income of $1.7 million, compared with a year-ago loss of $456,000. Revenues for the period totaled $33.3 million, more than twice the $15.8 million reported a year ago.
The figures for earnings in the current fiscal year include tax loss credits of $245,000 for the quarter and $445,000 for the first nine months.
