Incomnet Reduces Losses on 52% Higher Revenues

Incomnet’s loss narrowed to $469,516, or 6 cents a share, in the third quarter from a loss of $979,852, or 14 cents a share, the same quarter a year earlier.

Revenue for the Westlake Village company, which makes equipment that allows messages to be sent from one computer terminal to another, surged 51.7%, to $941,823. Incomnet’s revenue came primarily from a Pacific Bell contract and from operating a computer network that helps junkyards locate used auto parts.

For the first nine months of the year, Incomnet lost $2.1 million, or 27 cents a share, versus a loss of $3.3 million, or 46 cents a share, a year earlier. Revenue increased 78.7%, to $2.4 million.