Irvine Sensors Posts Another Loss

Irvine Sensors Corp. said its losses more than doubled in the second fiscal quarter as the computer electronics company encountered costs related to a production line that makes stacked-chip assemblies, or cubes. The cubing line was purchased this year from International Business Machines Corp.

Losses for the quarter ended March 31 climbed to $1.77 million, or 11 cents a share, from $818,000, or 6 cents a share, a year ago. Revenue rose 13% to $2.04 million from $1.8 million. In the first half, the company lost $3.04 million, 19 cents a share, compared with $1.5 million, or 10 cents a share, in the same period last year. Revenue climbed 37% to a record $4.6 million from $3.36 million.