Irvine Sensors Lists Profit for Quarter

Irvine Sensors Corp., a producer of high-density electronics, image processing and sensing devices, reported a profit of $183,400, or 1 cent a share, for the first fiscal quarter ended Dec. 28, which included an extraordinary gain of $1.1 million from settling a debt related to its closed Vermont facility. A net loss of $1.5 million, or 8 cents a share, was recorded for the first quarter of the prior fiscal year. Revenue dropped 41% to $2.2 million from $3.7 million.