Odetics Inc. reported first-quarter net income of...
Odetics Inc. reported first-quarter net income of $438,000, which included a one-time credit of $400,000 from an accounting change. For the comparable period last year, the company earned $36,000. Revenue for the quarter ended June 30 rose 10% to $13.4 million from $12.2 million. Anaheim-based Odetics makes intelligent machines, including information systems for collecting data as well as robotic and artificial intelligence systems.
For the record:
12:00 a.m. Aug. 19, 1989 For the Record
Los Angeles Times Saturday August 19, 1989 Orange County Edition Business Part 4 Page 4 Column 4 Financial Desk 2 inches; 43 words Type of Material: Correction
Odetics Earnings--For the first quarter of fiscal 1990, Odetics Inc. reported net income of $36,000. The year-earlier figure was $438,000, which included a $400,000 credit from an accounting change. An earnings report in Friday’s paper reversed the first quarter net incomes for fiscal 1990 and 1989.
