Cost Cutting Reduces Incomnet Losses by 75%

Incomnet reported that it had narrowed losses by 75% in the first quarter ended March 31 to $116,000 compared to $472,000 a year earlier. However, the company’s revenue was down slightly to $349,000 from $396,000 a year earlier.

The troubled Westlake Village computer company attributed the reduction in losses to a cost-cutting program.