CompuSave Reports $4.8 Million Loss
Citing its start-up costs CompuSave Corp. of Irvine has announced that it lost nearly $4.8 million in its 1985 fiscal year ended May 31. The company went public in 1984 and there are no fiscal 1984 figures for comparison.
Despite the loss, president Roger Miller said CompuSave executives are “extremely pleased with our accomplishments over the past year.” The company manufactures an electronic, discount mail-order machine for supermarkets and other stores.
Because the company was still developing its product in the 1985 fiscal year, it was not required to reveal its revenues. However, the company has said that it has sold more than 600 machines at a price of $5,000 each.