Biflyx, a Garden Grove electronics firm, said...

Biflyx, a Garden Grove electronics firm, said it lost $626,000 for its 1987 fiscal year ended June 30, contrasted with a loss of $519,000 for its fiscal 1986. Revenues, however, totaled $730,000 for fiscal 1987, more than five times the $140,000 reported the prior year. The company said the major reason for the loss was a write-down of $435,000 on a note receivable in the disposal of the company’s fuel distribution business.