Odetics Inc. reported earnings of $438,000 for...

Odetics Inc. reported earnings of $438,000 for its first quarter ended June 30. The record earnings, 55% higher than the $283,000 posted for the year-earlier period, were attributed primarily to $400,000 in tax credits resulting from an accounting change. Revenue was $12.2 million, a 4% increase from the $11.7 million reported for last year’s first quarter. Headquartered in Anaheim, Odetics manufactures intelligent machines, including information systems for collecting data, as well as robotic and artificial intelligence systems.