Perceptronics Reports $480,849 1st-Quarter Loss

Perceptronics Inc., a Woodland Hills maker of tank simulators and other military training equipment, reported a loss of $480,849 for its fiscal first quarter that ended June 30. The company had a profit of $13,616 in the same quarter a year ago.

Revenue for the latest quarter was $1.9 million, down 65% from $5.4 million a year earlier. The latest quarterly loss included a charge of $192,000 because of a change in accounting.