Digitext Reports Loss of $689,352 in 1st Quarter

Digitext, citing higher marketing, payroll and product development expenses, said it lost $689,352, or 18 cents a share, in its first quarter ended June 30, despite a 155% rise in revenue, to $103,874.

The Thousand Oaks company, which makes systems for entering text into computers by shorthand, reported a loss of $646,347, or 27 cents a share, for the same period last year. At that time it had 37% fewer shares outstanding.