Terminal Data Reports Quarterly Loss of $737,000

Terminal Data Corp., a financially troubled Moorpark company that makes devices for storing documents electronically or on microfilm, said it lost $737,000 in its fiscal first quarter that ended Dec. 31 compared with a loss of $627,000 a year earlier. Terminal Data said its revenues for the period dropped 10% to $4.61 million from $5.11 million a year ago.

The results were due to lower shipments of check-processing microfilm cameras, Jeffrey A. Wilson, Terminal Data’s chief executive, said in a statement. Wilson added that orders for Terminal Data’s products began to increase in December and January.

Terminal Data also announced that holders of its Class A debentures have exchanged 87% of the debentures, a type of debt security, into Class B debentures. The conversion is designed to increase the company’s available cash by more than $300,000 in fiscal 1991 and by more than $1.6 million over the next seven years.