Profit Turnaround: Genisco Technology Corp., an Anaheim...

Profit Turnaround: Genisco Technology Corp., an Anaheim computer products company, posted a profit of $114,282, or 1 cent a share, for the fiscal year ended Sept. 30. The earnings included a $1.3-million non-cash gain from debt restructuring. That compares with a net loss of $2.9 million, or $1.06 a share, for fiscal 1991. Revenue declined 11%, to $21.2 million from $23.8 million. For the fourth quarter of fiscal 1992, the company recorded a net loss of $959,658, or 5 cents a share, on revenue of $4.2 million. For the year-earlier period, Genisco lost $2.8 million, or $1.03 cents a share, on revenue of $6.1 million. The fiscal 1991 fourth-quarter results included a onetime $3.7-million non-cash expense related to recapitalization.