L.L. Knickerbocker: The Rancho Santa Margarita developer...

L.L. Knickerbocker: The Rancho Santa Margarita developer of products marketed through the home shopping industry and other outlets said net income for 1995 increased 75% to $1.3 million, or 10 cents a share, from $725,244, or 51 cents a share, for 1994. Revenue rose 68% to $13.1 million from $7.8 million.

Still, for the fourth quarter the company reported a net loss of $181,070, or 1 cent a share, compared with net income of $299,673, or 20 cents a share, a year earlier. The company attributed the loss to expenses for infomercial production and money set aside to cover a percentage of late payments from start-up companies.

“We have expanded our business to provide services to start-up companies and some of them have had difficulties paying us,” said Tony Shutts, chief financial officer.

The company’s revenue for the quarter rose 67% to $4 million from $2.4 million.