Smith Laboratories reported $84,000 in net income for the fourth quarter ended Oct. 31. The company reported a $5.3 million net loss for the same period the year before. Smith, which had no revenue during 1987 or 1988, reported $656,000 in interest and dividend income during the fourth quarter, compared to $551,000 in interest dividend and income the previous fourth quarter.
Smith reported $819,000 in net income for the year ended Oct. 31, contrasted with a $4.8-million net loss for the previous year. Smith reported $2.5 million in interest and dividends for the most recent fiscal year, up from $2.2 million the previous year.