Irvine Sensors Has $3-Million Annual Loss

Irvine Sensors Corp. reported that its losses increased in the fiscal year ended Oct. 1, despite record revenue.

The Costa Mesa manufacturer of high-density packages of computer electronics, imaging and sensing devices and low-power integrated circuits reported a net loss of $3 million, or 20 cents a share, for the year, compared with a net loss of $2.5 million, or 18 cents a share, for the prior year. Revenue rose 57% to a record $8 million from $5.1 million.