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Temp-Stik Reports Loss of $124,550 for Quarter

June 04, 1987

Temp-Stik Corp. reported a first-quarter net loss of $124,550, compared with a year-earlier loss of $64,733. Revenue of $68,081 for the period was down 58% from the year-ago figure of $164,104.

The company also said it has completed a private placement in which it raised more than $500,000. The San Juan Capistrano-based company plans to use most of the proceeds for marketing its electronic thermometer.

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