Advertisement

Smith Technology Corp.: The Newport Beach engineering,...

Smith Technology Corp.: The Newport Beach engineering, remediation and construction firm reported a net loss of $20.5 million, or $3.43 a share, for the fiscal year ended Sept. 30, which included one-time charges totaling $11.8 million for an arbitration settlement, staff and facility consolidations and litigation costs associated with previous acquisitions. That contrasts with net income of $1.1 million, or 19 cents a share, for the prior year. Revenue declined slightly to $165.6 million from $166.3 million.


Advertisement