AME Inc. Reports Slight Loss Despite Revenue Jump

AME Inc., a Burbank provider of video post-production services for the movie and television industries, reported a fiscal second-quarter loss of $68,010, compared with a year-earlier profit of $918,311.

The loss, which came despite a 43% jump in revenue in the quarter that ended March 31 to $16.2 million from $11.3 million, stemmed from costs related to AME evaluating recent takeover offers, “start-up difficulties at certain of the company’s acquisitions,” and research and development costs, AME said.

Earlier this year, AME Chairman Andrew M. McIntyre offered $37 million for the 55% of AME that he does not already own. That bid collapsed, and AME has since received a $10-a-share bid from an investor group. But a group of outside AME directors plans to recommend that the full board reject the proposal.

For the first half of its fiscal year, AME’s profit plunged 99% to $22,529 from $2.17 million a year earlier. Its six-month revenue climbed to $32.1 million from $22.3 million.