Audiotronics said it lost $301,000, or 26 cents a share, in the second quarter ended Dec. 31, reflecting higher costs for materials caused by the weakening dollar, delays in shipment of parts from suppliers and a soft audio-visual market.
The North Hollywood company, which makes audio-visual equipment used mostly in classrooms, said its sales fell 17% to $1.1 million in the quarter. In the year-earlier period, Audiotronics lost $12,000, or 1 cents a share, on sales of $1.4 million.
For the six months, Audiotronics lost $449,000, or 38 cents a share, compared to a profit of $8,000, or 1 cent a share, a year earlier. Sales fell 11% to $2.6 million.