DDL Electronics Reports Net Loss in 3rd Quarter

DDL Electronics in Newbury Park incurred a net loss of $114,000 in its third quarter ended March 31, compared with net income of $134,000 a year earlier.

Revenues in the quarter were $12.85 million, compared with revenues of $13.58 million for the third quarter of last year.

As previously announced, DDL has entered into an agreement to acquire Jolt Technology, an electronic manufacturing services provider in Fort Lauderdale, Fla., for 9 million shares of DDL’s common stock, subject to approval by DDL’s stockholders at the upcoming annual meeting.

DDL Electronics provides integrated design and electronic manufacturing services to original equipment manufacturers in the instrumentation, communications, computer, medical and aerospace industries.