Perceptronics Reports Profit for 4th Quarter

Perceptronics Inc., a Woodland Hills maker of training simulators and other military equipment, posted a $281,644 profit for its fiscal fourth quarter, compared with a year-earlier loss of $4.92 million.

The profit for the quarter, which ended March 31, reflected cost-cutting efforts by the company and a $123,500 tax benefit, the company said. The earnings accompanied a gain in revenue to $8.08 million from $6.03 million.

For its full fiscal year, Perceptronics earned $1.1 million, compared with a loss of $7.43 million the previous year. Its annual revenue edged up to $28.9 million from $28.5 million.

Also, Perceptronics said it received an $11.8-million contract from the Pentagon to develop computer software that could help improve the manufacture of infrared products used in military electronic systems. The UCLA School of Engineering and Applied Science is a partner with Perceptronics on the program.