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Litronic Inc

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BUSINESS
May 16, 2000
The Irvine provider of Internet security products said it lost $3.5 million, or 35 cents a share, for the first quarter, compared with a net loss of $973,000, or 25 cents a share, for the year-earlier period. Revenue increased to $4.7 million from $1.4 million. Revenue and expenses for the recent quarter include the results of Pulsar Data Systems, which was acquired in June.
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BUSINESS
August 15, 2001
* NetGuru Inc., a Yorba Linda information technology company, reported that its net loss for the first quarter widened to $1.2 million, or 7 cents a share, from $300,000, or 4 cents a share, a year earlier. Revenue fell 7% to $6.8 million. * Lake Forest collectibles company L.L. Knickerbocker Co. reported second-quarter profit of $180,000, contrasted with a net loss of $671,000, or 1 cent a share, for the comparable period last year. Sales declined 24% to $6.7 million.
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BUSINESS
November 11, 1999 | Dow Jones
Irvine-based Litronic Inc. said chief financial officer Tom W. Seykora resigned to pursue other interests. The Internet data security services company said its controller, Ray Russomanno, will assume Seykora's post until a permanent successor is found.
BUSINESS
April 3, 2001
The Irvine provider of Internet security posted a fourth-quarter net loss of $33.9 million, or $3.45 a share, which included a noncash charge of $31.4 million related to the purchase of Pulsar Data Systems Inc. in June 1999. The net loss for the year-earlier fourth quarter was $3.2 million, or 33 cents a share. Revenue declined 8% to $10.5 million. For the year, the net loss totaled $41.4 million, or $4.20 a share, compared with the prior year's net loss of $7.1 million, or $1 a share.
BUSINESS
July 11, 2000
Litronic Inc., an Irvine maker of online security products, said Monday that Robert Brich has resigned as the company's vice president of network solutions sales. Brich is leaving to pursue personal interests, the company said.
BUSINESS
March 4, 2000
Wall Street hammered Litronic Inc. on Friday, a day after the Irvine provider of Internet data security services said it would report a larger-than-expected loss for the fourth quarter. Litronic's stock fell $4.81 a share, or 22%, to $16.94 in Nasdaq trading. The company had said Thursday after the market closed that it expects to report a quarterly loss of 25 to 30 cents a share on revenue of $11 million to $12 million. That projection is below Wall Street analysts' expectations.
BUSINESS
September 29, 2000 | Dow Jones
Litronic Inc., an Irvine seller of Internet security products, said Thursday that its president and chief operating officer, William Davis, has resigned for personal reasons. Litronic said in a press release that Davis, who for the last year headed operations at the company's Pulsar Data Systems unit, will continue as an advisor. Davis was the owner and founder of Pulsar before its 1999 merger with Litronic.
BUSINESS
August 15, 2001
* NetGuru Inc., a Yorba Linda information technology company, reported that its net loss for the first quarter widened to $1.2 million, or 7 cents a share, from $300,000, or 4 cents a share, a year earlier. Revenue fell 7% to $6.8 million. * Lake Forest collectibles company L.L. Knickerbocker Co. reported second-quarter profit of $180,000, contrasted with a net loss of $671,000, or 1 cent a share, for the comparable period last year. Sales declined 24% to $6.7 million.
BUSINESS
September 29, 2000 | Dow Jones
Litronic Inc., an Irvine seller of Internet security products, said Thursday that its president and chief operating officer, William Davis, has resigned for personal reasons. Litronic said in a press release that Davis, who for the last year headed operations at the company's Pulsar Data Systems unit, will continue as an advisor. Davis was the owner and founder of Pulsar before its 1999 merger with Litronic.
BUSINESS
July 11, 2000
Litronic Inc., an Irvine maker of online security products, said Monday that Robert Brich has resigned as the company's vice president of network solutions sales. Brich is leaving to pursue personal interests, the company said.
BUSINESS
March 4, 2000
Wall Street hammered Litronic Inc. on Friday, a day after the Irvine provider of Internet data security services said it would report a larger-than-expected loss for the fourth quarter. Litronic's stock fell $4.81 a share, or 22%, to $16.94 in Nasdaq trading. The company had said Thursday after the market closed that it expects to report a quarterly loss of 25 to 30 cents a share on revenue of $11 million to $12 million. That projection is below Wall Street analysts' expectations.
BUSINESS
November 11, 1999 | Dow Jones
Irvine-based Litronic Inc. said chief financial officer Tom W. Seykora resigned to pursue other interests. The Internet data security services company said its controller, Ray Russomanno, will assume Seykora's post until a permanent successor is found.
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