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VALLEY AND VENTURA COUNTY BUSINESS | REGIONAL EARNINGS

Voice Powered Technology Posts $313,000 Net Income

September 16, 1997

Voice Powered Technology International Inc., a Tarzana maker of voice-activated electrical products, posted a net income for the second quarter ended June 30 of $313,000, compared with a net loss of $903,000 a year ago.

Revenue for the quarter was $527,000, down 77% from sales of $2.3 million a year earlier.

For the six months, the company reported a net loss of $1.1 million, compared with a net loss of $1.7 million a year ago. Sales were $1.9 million, down 58% from $4.5 million in 1996.

Second-quarter sales were negatively affected by the sale of the IQVOICE pocket organizer product line to Franklin Electronic Publishers Inc., by the discontinuance of other lower-priced organizer models and by delays in launching its PC-Link products, the company said.

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