Terminal Data Loses $996,000 for Quarter

Terminal Data said it lost $996,000, or 22 cents a share, in the fourth quarter ended Sept. 30 and $3.8 million, or 85 cents a share, in the fiscal year. The Simi Valley-based company makes equipment used to convert documents to images for storage on microfilm or magnetic disks.

The results compare to a loss of $1.2 million, or 27 cents a share, in the same quarter a year earlier and a $2.6 million loss, or 59 cents a share, in the previous fiscal year. Sales rose 13.3% in the quarter to $8.2 million, but fell 11% for the year to $31 million.

Much of the Terminal Data’s problems have stemmed from its building in Simi Valley, which was vacant for nearly a year before the company finally moved its headquarters there this fall. The company finished the building last year anticipating new growth but its business softened.

Terminal Data was finally able to move there after selling its Woodland Hills headquarters in September for $8.35 million to Cooke Properties, a real estate operation of Daily News owner Jack Kent Cooke. The newspaper plans to move most of its editorial and business offices, now in Van Nuys, to the building in Warner Center next year.

For detailed data and results of other companies, please see tables, Page 12.