Datametrics Discloses 29% Decline in Profits

Datametrics Corp., a Chatsworth manufacturer of printers and other computer equipment for the military, said its profit dropped 29% for its fiscal second quarter that ended May 2.

Net income dropped to $187,000 from $265,000 in the same quarter a year earlier. Sales for its fiscal second quarter rose slightly, to $5.4 million from $5.3 million a year earlier.

For the six months ended May 2, the company’s profit dropped 11%, to $443,000 from $495,000 from a year earlier. Sales for the six-month period were $10.7 million, compared with $10.5 million a year earlier.

Separately, Datametrics said that on Friday it signed a revised merger agreement with Rugged Digital Systems Inc., a private maker of computers and workstations used by the military. Rugged Digital, based in Sunnyvale, had sales of $13.2 million for its fiscal year ended July 31, 1992, according to Datametrics.

Datametrics said Rugged Digital will be merged into Datametrics. As part of the deal, holders of Rugged Digital common stock and preferred stock will receive a total of 982,000 shares of Datametrics common stock. Those shares represent 16.6% of the outstanding common stock of Datametrics.