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VALLEY EARNINGS

Audiotronics Posts Profit Over 1985 Quarterly Loss

October 28, 1986

Audiotronics earned $20,000, or 2 cents a share, in its first quarter ended Sept. 30, versus a loss of $302,000, or 25 cents a share, in the same period a year ago. Sales were $1.6 million, down from $2.7 million last year.

The 1985 results were hurt by the company's money-losing video monitor division, which it sold in May for $1.8 million. The division was responsible for $239,000 of the year-ago loss and more than two-thirds of the company's revenue in last year's first quarter.

Based in North Hollywood, Audiotronics makes audio-visual products and instructional programs for schools and industrial training.

President Charles A. Musson said the most recent quarter's improved showing was due to the settling of a dispute with a Japanese plastic-parts supplier that caused production shortages in the first quarter of 1985. He also cited lower operating costs resulting from the sale of the video monitor division and higher profit margins on some new instructional products.

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