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Litronic Industries

BUSINESS
January 12, 2000 | P.J. Huffstutter
Litronic Inc., an Irvine Internet security company, is expected to announce a sales agreement today with an Aliso Viejo start-up that will push the smart-card maker into the consumer market. The deal with NetCity.com Inc., an online e-commerce and community site, calls for Litronic to supply 100,000 smart-card readers for consumers, the cards and the software to run the system. Financial details were not disclosed Thursday.
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BUSINESS
December 29, 1999 | Dow Jones
Litronic Inc. named Roy E. Luna chief financial officer. Luna previously was chief financial officer at CareLine Inc. and most recently worked as a consultant researching start-up investment opportunities. Thomas W. Seykora resigned last month as Litronic's chief financial officer to pursue other interests. The controller, Ray Russomanno, assumed the chief financial officer position after Seykora left. Irvine-based Litronic provides professional Internet data security services.
BUSINESS
November 9, 1999
Litronic Inc.: The Irvine provider of Internet data security services said it lost $1.4 million, or 14 cents a share, for the third quarter, compared with a net loss of $467,000, or 12 cents a share, for the same period last year. Revenue rose to $16.1 million from $1.8 million.
BUSINESS
October 9, 1999 | Dow Jones
Shares of Litronic Inc. rocketed as much as 44% on Friday after the Irvine outfit unveiled its newest version of Profile Manager, a security software program that allows authorized users access to certain information via smart cards. The company made a presentation at the invitation-only Microsoft Smart Card '99 Business Development Conference in Redmond, Wash. "That's the only news," said Chief Financial Officer Tom Seykora.
BUSINESS
July 9, 1999 | (Dow Jones)
Litronic Inc. said Thursday that it plans to double its sales force and research and development staff by the end of 2000 and to acquire technology, products and business that complement its products. The Irvine company unveiled its plans for growth in the Internet security market and said it completed its acquisition of network integration consultant Pulsar Data Systems Inc. Financial terms of the acquisition weren't disclosed.
BUSINESS
June 10, 1999
Litronic Inc.'s initial public offering of 3.7 million shares of stock was priced at $11 a share. The Irvine Internet security firm had expected a price of $9 to $11 for the offering, originally planned at 3 million shares. The stock closed Wednesday at $11.13, up 13 cents a share, on the Nasdaq market.(Dow Jones)
BUSINESS
February 17, 1999 | From Bloomberg News
Litronic Inc., an Internet security company that helps ensure the privacy and authenticity of online communications, plans to sell a 33% stake to new investors in an initial stock offering, according to regulatory documents. The Irvine-based company plans to sell 3 million shares for $9 to $11 each in conjunction with its proposed acquisition of Pulsar Data Systems Inc. in a moved to help Litronic expand its customer base.
BUSINESS
June 2, 1998 | DARYL STRICKLAND, TIMES STAFF WRITER
Kris Shah, president of an Orange County electronics firm, has been named as a runner-up in the Small Business Administration's national competition for small-business person of the year. Shah, 59, who heads Litronic Industries Inc., an Irvine-based builder and designer of computer security systems, was chosen second runner-up in the competition. He qualified for the national contest after being named small business person of the year in California.
BUSINESS
June 2, 1998 | DARYL STRICKLAND, TIMES STAFF WRITER
Kris Shah, president of an Orange County electronics firm, has been named a runner-up in the Small Business Administration's national competition for Small-Business Person of the Year. Shah, 59, who heads Litronic Industries Inc., an Irvine-based builder and designer of computer security systems, was chosen second runner-up in the competition. He qualified for the national contest after being named Small-Business Person of the Year in California.
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