PerfectData Sees Stronger Earnings in 1st Quarter

PerfectData Corp. of Simi Valley has reported earnings from continuing operations for the first quarter that ended June 30 of $21,000, compared with $5,000 in the same period last year.

Revenues for the quarter were $1.4 million, a modest decrease from the $1.5 million of the prior year. Officials at the computer company attributed the decrease to lower selling prices--unit volume, however, was up slightly.

The company had a loss of $19,000 from discontinued operations in the period. On a per-share basis, the company had a gain of 1 cent from continuing operations and a loss of 1 cent from discontinued operations.

During the first quarter the company introduced several new products that are expected to contribute to the fourth-quarter results. The company recently announced that its common stock has commenced trading on the Internet.