Scoop Reports Losses for Year

Scoop Inc., which designs and markets customized media reprints and framed layouts of articles from newspapers, magazines and online publications, reported a fourth-quarter net loss of $1.7 million, or 31 cents a share, compared with a net loss of $746,200, or 20 cents a share, for the corresponding period in 1996. Sales rose 31% to $545,800 from $417,500.

For the year, the net loss was $5 million, or $1.01 a share, compared with a net loss of $2.2 million, or 64 cents a share, for 1996. The company attributed the greater loss to higher research and development expenses that grew to $2.5 million from $601,700 the year before. Sales were up 43% to $2 million from $1.4 million.