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Voice Powered’s Loss Narrows in Second Quarter

Voice Powered Technology International Inc., a Sherman Oaks-based maker of voice-recognition consumer electronic products, reported a narrower loss for its second quarter that ended June 30.

The company reported a loss of $141,000, compared with a loss of $5.25 million for the same period a year earlier. Revenue for the latest quarter was $2.64 million, down 45% from $4.81 million in 1993.

For the first six months of 1994, Voice Powered posted a loss of $36,000 on revenue of $5.76 million, compared with a year-earlier loss of $7.65 million on revenue of $9.26 million.

The company said the latest quarterly results reflect a transition from being a direct marketer of its products last year to a strategy that includes sales to retailers, distributors and catalogues. The new strategy is expected to cut marketing and other operating costs, the company said.

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Voice Powered also announced that it recently relocated its corporate headquarters from Canoga Park to Sherman Oaks.


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