Laser Precision Corp.: The Irvine manufacturer of...

Laser Precision Corp.: The Irvine manufacturer of test and measurement instruments reported a net loss of $251,000 for 1990, which included $2 million in losses from discontinued operations. In 1989, the company posted net income of $157,000, with losses from discontinued operations of $1.4 million. Revenue increased 15% to $22.5 million from $19.6 million. For the fourth quarter, net income totaled $877,000, contrasted with a loss of $514,000 in the year-earlier period. Revenue rose to $7.2 million from $4.8 million.