Raycomm Transworld Reports 2nd-Quarter Loss

Raycomm Transworld Industries Inc., an Encino-based provider of temporary technical personnel, posted a $1.26-million loss for its fiscal second quarter, compared with a $750,000 loss a year earlier.

The latest loss in the quarter that ended Sept. 30 included $500,000 in restructuring costs and came despite a 5% increase in Raycomm’s revenue, to $18.1 million from $17.3 million.

For the first half of its fiscal year, Raycomm lost $1.37 million, compared with a year-earlier loss of $1.14 million, and its six-month revenue jumped 76%, to $43.2 million from $24.6 million.