Green Burrito Posts $246,939 Loss

The Anaheim operator and franchiser of Green Burrito restaurants reported a loss of $246,939, or 6 cents per share, for the first quarter, contrasted with net income of $18,992, or 1 cent per share, a year ago. Revenue rose 47%, to $2.5 million from $1.7 million. The company attributed the loss to the poor economy.