Patlex Corp. Recalculates 1st-Quarter Earning Report
Patlex Corp. has corrected its previously announced earnings for the first quarter that ended March 31 after the Chatsworth company’s accountants recalculated a provision for income taxes.
Patlex, which invests royalties it earns from laser patents, said it earned $867,000 in the quarter, compared to $287,000 profit in the year-earlier quarter.
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