Datametrics’ Profit Soars 416% for the 2nd Quarter

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.