Delphi Reports Loss of $102,000 in 2nd Quarter

Delphi Information Systems in Westlake Village reported a loss of $102,000, or three cents a share, for the second quarter ended Sept. 30, compared to a loss of $156,000, or six cents a share, in the same period a year earlier. Revenue for the quarter was $4.9 million, contrasted with $4.8 million a year earlier.

For the first six months, the company lost $81,000, or two cents a share, on revenue of $10.1 million. In the same period last year, the company lost $722,000, or 27 cents a share, on revenue of $8.1 million.

Delphi develops and markets computer software for use by independent agents in the property-casualty insurance business. President Richard Janssen blamed the company’s losses on lower insurance premium prices which he said has caused insurance companies to delay software purchases.

Delphi had its first stock sale July 1.