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Autologic Cuts Its Net Losses for 6-Month Period

June 17, 1997|RODNEY BOSCH

Autologic Information International of Thousand Oaks announced a net loss of $287,000 for the six-month period ended May 2. However, the company said the loss was a significant improvement over the $2.9-million net loss for the same period in 1996.

The Thousand Oaks company, a subsidiary of Volt Information Sciences, designs and manufactures computer-based electronic pre-press systems for the publishing industry.

Dennis Doolittle, vice chairman and president of Autologic, credited improved gross profit margins in the second quarter to increased sales of imagers and cost-cutting measures taken since last year's merger of Autologic and Information International Inc.

For the first six months of fiscal 1997, Autologic reported revenues of $38 million, compared with $42.4 million for same period in 1996. For the second quarter ended May 2, the company reported net income of $440,000 on revenues of $19.9 million, compared with income of $840,000 on revenues of $25.8 million a year earlier.

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