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VALLEY EARNINGS

Audiotronics Reports Loss of $148,000, Drop in Sales

November 24, 1987

Audiotronics posted a loss of $148,000, or 12 cents a share, in the first quarter ended Sept. 30, contrasted with a profit of $20,000, or 2 cents a share, a year earlier. Sales fell 7%, to $1.5 million.

In a statement, Audiotronics President Charles A. Musson said summer sales for the North Hollywood company, which makes audio-visual products used in classrooms, were much weaker than expected. Also, he said, the first-quarter results included interest payments on convertible bonds.

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