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Veriflex Inc

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March 24, 1998 | BARBARA MURPHY
Variflex Inc. in Moorpark reported a net loss of $2.78 million or 46 cents per share for the second quarter ended Jan. 31. The loss comes on net sales of $10.64 million and compares with a net loss of $269,000 or 4 cents per share on sales of $13.84 million for the same period a year earlier. Company officials said the second-quarter results included the effect of three noncash expenses that accounted for approximately $2.5 million of the loss.
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BUSINESS
March 24, 1998 | BARBARA MURPHY
Variflex Inc. in Moorpark reported a net loss of $2.78 million or 46 cents per share for the second quarter ended Jan. 31. The loss comes on net sales of $10.64 million and compares with a net loss of $269,000 or 4 cents per share on sales of $13.84 million for the same period a year earlier. Company officials said the second-quarter results included the effect of three noncash expenses that accounted for approximately $2.5 million of the loss.
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