Datametrics Corp

Datametrics Corp., a Chatsworth producer of printers and other equipment for the military, reported earnings of $47,522, despite a 21% decline in revenues to $6.5 million in the fiscal third quarter that ended July 29. A year earlier, the company lost $278,906 on $8.28 million in revenues. For the nine months that ended in July, Datametrics reported net income of $367,845, compared with a year-earlier loss of $2.13 million. Revenues slipped 3% to $20.6 million from $21.3 million.

Datametrics Corp., a Chatsworth maker of computer printers and other high-tech products, said it lost $278,906 in the fiscal third quarter that ended July 29, compared to $527,294 in net income a year earlier. Revenue rose 6% to $8.3 million from $7.8 million. Sidney E. Wing, Datametrics' president and chief executive officer, attributed the loss to higher operating costs. For the nine months that ended in July, the company reported a $2.1 million loss, in contrast to earnings of $1.

Datametrics Corp., a Chatsworth maker of computer peripherals and communications products, said it signed an agreement valued at more than $11 million with Azon Corp. to produce custom high-speed color printers for Azon that generate license plates and street signs. Datametrics said it expects to produce the first prototype in next year's first quarter and deliver the printers to Azon over a three-year period. The agreement gives Azon, a private Johnson City, N. Y.

Datametrics Corp., a Chatsworth company that makes printers and other computer equipment for aerospace, military and industrial markets, said it has tentatively agreed to buy Rugged Digital Systems Inc. for 2 million shares of Datametrics' stock. Based on Datametrics' closing price of $1.38 on the day of its announcement Thursday, the value of the transaction is about $2.76 million. Datametrics said it expects the acquisition to be completed by Nov. 30.

Datametrics Corp., a Chatsworth maker of computer printers for the military, has signed an agreement to acquire Rugged Digital Systems, a company that retrofits computers to make them strong enough to withstand extreme conditions. Shareholders in Rugged Digital will receive a total of 1.67 million shares in Datametrics, in exchange for their shares in Rugged Digital, said Datametrics' president, Sidney Wing. Datametrics' stock has recently traded in the $1.50 per share range.

The revolving door in the executive suite continues at Datametrics Corp., the long-struggling Woodland Hills-based computer printer concern. The company announced that several of its senior managers have resigned, including Sidney Wing, chief executive; John Van Buren, chief financial officer; Gerald Horwitz, senior vice president, administration, and Carl Stella, senior vice president, manufacturing. Datametrics also said that it would lay off 35 of its 151 employees.

Chatsworth-based Datametrics Corp., formerly a supplier of computer peripherals and communications products to the defense industry, hopes to tap the burgeoning office-network market with its new, high-speed color printer. Datametrics' President Sidney Wing said the company is seeking one or more partners to help launch the printer that prints a page in three seconds, compared with the two to three minutes it takes existing printers.

Datametrics Corp., a Woodland Hills maker of computer printers, said its loss widened in the fiscal second quarter to $3.1 million from $2.5 million in the same quarter last year. Revenues for the period were up 21% to $4.7 million from $3.9 million. For the first six months of this year, the loss was $5.4 million, larger than the loss of $4.1 million for the same period last year. Combined revenues for the first two quarters were up 14% to $8.3 million from $7.