Pay-Fone Posts Loss of $150,912 in 4th Quarter

Pay-Fone Systems Inc., a Van Nuys provider of automated payroll-processing services, reported a fiscal fourth-quarter loss of $150,912 compared with a year-earlier loss of $194,139.

The latest loss in the quarter that ended June 30 came as Pay-Fone’s revenue slipped 1%, to $1.26 million from $1.27 million.

For its full fiscal year, Pay-Fone lost $194,682 compared with a $202,151 loss the previous year, and its annual revenue fell 5%, to $5.25 million from $5.50 million.