Urethane Technologies Announces Third-Quarter Loss of $844,312

Urethane Technologies Inc., the Santa Ana developer of polyurethane systems and production technology, reported a third-quarter loss of $844,312, or 12 cents a share. That compared to a loss of $585,486, or 10 cents a share, for the same period a year earlier.

Revenue was up 81% to $883,898 from $489,178. For the year to date, the company posted a loss of $2.4 million, or 35 cents a share, compared to a loss of $2.6 million, or 48 cents a share, for the same 1992 period.

The previous year’s nine-month results included a $500,000 non-cash litigation settlement expense. Nine-month revenue rose 29% to $2.2 million from $1.7 million.