February 15, 1994
Perceptronics Inc., a Woodland Hills developer of computer-simulation software used for military and commercial training, reported fiscal third-quarter and nine-month profits, despite its revenue falling by more than half. The company said it managed the profits because it paid off 40% of its long-term debt, resulting in a one-time gain of $1.37 million. In its fiscal third quarter that ended Dec. 31, Perceptronics earned $749,724, in contrast with a year-earlier loss of $1.95 million.
July 5, 1994
Perceptronics Inc., a Woodland Hills-based developer of computer-generated simulators for military and commercial training, reported net income of $1.36 million for its fiscal fourth quarter ended March 31, marking a turnaround from the same quarter a year ago, when the company posted a net loss of $4.67 million. The company's revenue for the recent quarter totaled $1.78 million, compared to revenue of $1.92 million for the same quarter a year ago.
November 24, 1992
Perceptronics Inc., suffering the effects of the nation's defense slowdown, reported a fiscal second-quarter loss of $2.91 million and said it missed a $1.7-million principal payment on its debt. The Woodland Hills-based maker of simulators and other training equipment said the loss in the quarter ended Sept. 30 compared with year-earlier profit of $240,601. Perceptronics' revenue plunged 64%, to $2.40 million from $6.
February 23, 1993
The ongoing cutbacks in defense spending left Perceptronics Inc. with a $1.95-million loss in its fiscal third quarter, compared with a year-earlier profit of $49,036. The Woodland Hills-based producer of simulators and other training equipment said the loss came on a 71% plunge in its revenue, to $1.71 million for the quarter ended Dec. 31 from $5.82 million a year earlier.
July 2, 1991
Perceptronics Inc., a Woodland Hills maker of computer simulator systems for the military, said it has delivered prototypes of two new simulator systems to the U.S. Air Force and a large German defense company. The company declined to disclose the value of the two contracts. The simulators have been under development for the past year and the prototypes have passed initial performance tests, the company said.
January 11, 1994
Perceptronics Inc., a struggling Woodland Hills maker of computer-simulation and software systems, said three creditors will retire $4 million of its debt and preferred shares in a plan that will return the company to a positive net worth by next spring. Under the agreements, the creditors will receive $414,000 plus 259,000 shares of Perceptronics' common stock. Perceptronics is primarily a military contractor. Its losses are the result of the steep decline in military spending.
February 18, 1992
Perceptronics Inc., a Woodland Hills maker of tank simulators and other military training equipment, blamed a dispute with a foreign subcontractor for a 70% drop in earnings in its fiscal third quarter ended Dec. 31. The company's profit fell to $49,036 in the latest quarter from $162,583 a year earlier. Its revenue, however, rose 8% to $5.82 million from $5.4 million. In the nine months ended Dec.