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Advanced Logic Research Posts $1.3-Million Loss

TIMES STAFF WRITER

Advanced Logic Research Inc. reported a 22% drop in revenue and a $1.3-million loss for its latest fiscal quarter.

The loss is the computer maker’s third in a row. For its second fiscal quarter, which ended March 31, ALR said it lost $1.3 million, or 11 cents a share. That contrasted with a profit of $933,000, or 8 cents a share, for the same period a year earlier.

Three-month revenue was $43.9 million, down from $56.4 million for the same period a year earlier.

ALR, which released the figures after the close of business Thursday, did not give a reason for the loss. It attributed the decrease in revenue primarily to “heightened price competition, particularly in the United States,” for its products.

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In Thursday’s trading on the NASDAQ market, the company’s stock closed at $2.50 a share, unchanged.

For the first half of its fiscal year, the company had a loss of $2.2 million, or 19 cents a share. That contrasted with a profit of $1.4 million, or 12 cents a share, for the same period a year earlier. Six-month revenue was $86.3 million, down from $105.7 million for the first half of the company’s previous fiscal year.


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