Monitor Technologies Reports Profits on 4th Quarter Sales

Monitor Technologies Inc. reported a $91,377 net profit on sales of $2.3 million for the fourth quarter ended Dec. 31, compared to a net loss of $76,703 on sales of $2.4 million for the same quarter a year earlier. For the full year, Monitor reported a net loss of $2.4 million on sales of $9.6 million. The fiscal year loss reflected a $2.2 million provision during the third quarter for the discontinuance of its automated inspection system product.