Urethane Technologies Inc.: The Santa Ana developer...

Urethane Technologies Inc.: The Santa Ana developer of polyurethane systems and production technology reported a net loss for the third quarter of $354,868, or 3 cents a share, compared with a net loss of $352,117, or 5 cents a share, for the comparable period of 1994. Revenue rose 28% to $7.7 million from $6 million. For the nine-month period, a net loss of $281,684, or 3 cents a share, was posted, compared with a net loss of $2.2 million, or 31 cents a share, a year ago. Sales increased to $20.5 million from $8.7 million. Urethane Technologies said the results are not directly comparable because of the acquisition of Polymer Development Laboratories on June 1, 1994.