Dense-Pac Microsystems Inc., a Garden Grove computer equipment company, said it will post lower sales and a net loss for its third fiscal quarter, ending Nov. 30.
Increased sales and marketing expenses and the costs of opening a manufacturing plant in Puerto Rico in July caused the maker of memory devices to post a $30,170 loss in its second quarter, ended Aug. 31.
Lawrence E. Taylor, the company's chairman, had predicted last month that Dense-Pac would be profitable in its last two quarters. But now, the company says, a sales slump and expenses that continue at higher-than-expected levels will prevent a third-quarter profit.
Dense-Pac, a 5-year-old company that went public last January, is in the "final stages" of negotiations for licensing its module technology for sales in certain foreign markets, said Ed Arnold, the company's president. He would not name the foreign markets or the selling agent, but he did say negotiations should be complete within six weeks.