Datametrics’ Profit Soars 416% for the 2nd Quarter
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Datametrics, a leading producer of computer printers for the military, reported record earnings of $525,000, or 12 cents a share, for its second quarter ended April 30, up 416% from the same period a year ago. Revenue was $4.45 million, up 1.2%.
A year ago, the Chatsworth company earned $102,000, or 3 cents a share, on sales of $4.4 million.
The company attributed the better performance to efficiency and planning improvements that cut expenses. Datametrics also benefited from a tax loss carryforward of $286,000 in the most recent quarter, versus a carryforward of $45,000 a year ago.
Tax loss carryforwards cut a company’s taxes by allowing it to deduct past losses from current taxable income.
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