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Distributed Logic Reports Net Loss of $100,971 in Second Quarter

June 11, 1987|MARIA L. La GANGA

Distributed Logic Corp., an Anaheim-based manufacturer of computer peripherals, reported a fiscal 1987 second-quarter net loss of $100,971, contrasted with net earnings of $360,954 for the same period the previous year. Revenues for the quarter ended April 30 were $3.4 million, down 13% from the $3.9 million reported a year earlier.

The company reported a net loss of $332,227 for the first half of fiscal 1987, contrasted with net earnings of $702,684 for the first six months of its fiscal 1986. Revenues for the six months of $6.2 million were down 18% from $7.6 million in the same period the previous year.

Don J. Elg, Distributed Logic's treasurer and chief operating officer, attributed the loss to the costs of an "aggressive engineering effort" in developing a new product line. "We were spending twice as much on development as usual," Elg said. "We believe that's largely behind us now. . . . Margins are starting to improve."

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