Autologic Reports 2nd-Quarter Turnaround
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Autologic Information International in Thousand Oaks reported net income of $97,000, or 2 cents per share, for the second quarter that ended April 28, a turnaround from the $131,000 and 2-cent-per-share loss reported a year earlier.
Revenue for the quarter was $18.2 million, down from $19.5 million reported for the second quarter of last year.
Dennis Doolittle, president and vice chairman, said this was the second consecutive quarter of profitability, and that Xitron, a subsidiary, continued its strong financial performance.
During the second quarter, the company shipped a record amount of its newest product, Computer-to-Plate imagers, and increased production to fill the growing backlog of orders.
In addition, Doolittle said, cost-cutting done earlier this year has helped the return to profitability.
Autologic designs and manufactures computer-based electronic pre-press systems for the publishing industry.
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