Working to win government contracts to replace one that is expiring, battered Wespercorp continued to post more red ink even though it has been laying off employees and cutting expenses at its computer peripheral manufacturing operation.
In its third quarter, ended March 31, Wespercorp reported a net loss of $408,000 on sales of $2.1 million, compared with a $26,000 profit on sales of $3.5 million in last year's third quarter.
In its first nine months, the company posted a $1.2 million net loss on sales of $6.7 million, compared with a $229,000 net loss on sales of $10.8 million in the same period last year.
Since January, the Santa Ana company has laid off 27 employees in its government division and another six have left for other jobs, reducing the division's total employees to 28. Companywide, Wespercorp has some 65 employees, about half the number at its peak three to four years ago, said Daniel T. Whelan, the company's chief financial officer.