Datum Inc. Reports 25% Increase in Profits for 1989
- Share via
Anaheim-based Datum Inc. said net earnings for 1989 rose 25% to $1.4 million from $1.1 million in 1988. The 1988 figure included a $103,000 extraordinary gain from an accounting change. Revenue reached a record $37 million, up 16% from the $31.9 million posted a year earlier. The results include the first full year of operations from Austron Inc., which was acquired in 1988.
For the fourth quarter, net income totaled $370,000, compared to $83,000 for the comparable 1988 quarter. Revenue rose 12% to $9.8 million from $8.8 million.
Datum manufactures precision frequency products and timing instrumentation for military, industrial, space and commercial applications.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
