Laser Precision Corp. Loses $48,181 in Quarter

Laser Precision Corp., an Irvine manufacturer of industrial and laboratory testing instruments, lost $48,181 in the second quarter ended June 30, down from the $256,649 loss it posted for the same quarter a year ago.

For the first half of 1985 the company’s loss totalled $293,461, down from a loss of $694,380 for the first 6 months of 1984.

Revenues for the second quarter were $2.37 million, compared to revenues of $1.9 million for the same period last year. For the first half of the year the corporation posted revenues of $4.3 million, compared to revenues of $3.5 million for the first half of 1984.

The company attributed the reduction in losses to the 23% increase in revenue, combined with increased profit margins in all product areas and reductions in operating expenses.