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O.C. EARNINGS

PenUltimate Posts Fiscal Year Loss of $3.7 Million

August 18, 1994

PenUltimate Inc., an Irvine software company, reported a loss of $3.7 million, or $2.50 a share, for the fiscal year ended June 30, compared with a net loss of $1.4 million, or $1.78 a share, for the previous year. Revenue rose to $300,455 from $5,006. For the fourth quarter, the company said it lost $1.4 million, or 69 cents a share, compared with a loss of $492,140, or 61 cents a share, for the comparable year-earlier quarter. Revenue increased to $171,362 from $5,006.

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