July 4, 1995
Perceptronics Inc., a Woodland Hills maker of computer-based simulation systems, reported a sharp drop in profits for the fourth quarter ending March 31, and for its fiscal year. The company reported that profits for the quarter declined 98% to $32,963 from $1.35 million during the same period a year earlier. Sales for the quarter declined 29% to $1.26 million, from $1.77 million during the fourth quarter of 1994.
June 13, 1995
Perceptronics Inc., a Woodland Hills maker of computer-based simulation systems, said it is part of a team of companies awarded one of three contracts by the U.S. Army to develop a new computer system to be used for commander training exercises. The company declined to disclose the value of the contract.
February 21, 1995
Perceptronics Inc., a Woodland Hills-based manufacturer of computer-based simulation systems for commercial and military training, reported a loss of $73,693 for the third fiscal quarter that ended Dec. 31. The third-quarter loss compared to a profit of $749,724 in the same three-month period a year ago, although that profit reflected an extraordinary gain of $1.37 million related to the reduction of long-term debt. Revenues for the latest third quarter were $1.
September 6, 1994
Perceptronics Inc., a producer of computer-based simulation software, said it has received a $1.5-million subcontract to produce virtual reality tank simulator systems for the Swedish army. Woodland Hills-based Perceptronics, which specializes in computer-based training systems, will join a group of German and Swedish companies from which the Swedish army has ordered new tanks and training devices.
August 23, 1994
Perceptronics Inc., a Woodland Hills developer of computer simulation programs, said its profit for the fiscal first quarter that ended June 30 was $39,407, compared to a loss of $480,849 in the same quarter the previous year. Revenue for the first quarter was $1.83 million, down 4% from $1.90 million the year before. The company attributed the results to reductions in staff and its recent move into cheaper facilities.
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.
May 24, 1994
Perceptronics Inc., a Woodland Hills maker of simulation software and systems for commercial and military training programs, said it received a $2.7-million contract from Egypt. The contract calls for Perceptronics to deliver precision gunnery training systems for the TOW missile to Egypt's Armament Authority over the next 14 months. Perceptronics said that training simulators are needed for anti-armor missiles such as the TOW, which are too expensive to be fired for training purposes.
March 29, 1994
Perceptronics Inc., a Woodland Hills maker of computer simulation software used for commercial and military training programs, said it has paid off $4 million of debt and preferred shares convertible into about 2.5 million shares of common stock. The debt and preferred shares were retired in exchange for about $414,000 and 259,000 shares of common stock. Perceptronics said the move eliminates $1.
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.