Stock Might Be Offered: Irvine Sensors Corp.,...

Stock Might Be Offered: Irvine Sensors Corp., a Costa Mesa-based research company that has developed electronics technology for military and commercial applications, said Tuesday that it might sell more stock in a public offering.

In a filing with the Securities and Exchange Commission, the company said it might issue 2 million shares of common stock at an unspecified price. Proceeds would be used to buy equipment, reduce debt and pay for research.

Irvine Sensors has spent more than $30 million in the last decade developing computer chips that can stack on top of each other in a three-dimensional package the size of a sugar cube. The chips are used in specialty applications such as missiles or miniature electronics devices.

Paulson Investment Co. would underwrite the offering.

Irvine Sensors is traded on the National Assn. of Securities Dealers Automated Quotation System. The company’s stock closed Tuesday at $3.25 a share, up 25 cents.

Irvine Sensors reported a loss of $319,000 on revenue of $4.2 million for its latest fiscal year, which ended in September.