Irvine Sensors Reports Second Quarter Loss

Irvine Sensors Corp., a Costa Mesa developer of electronics and sensor products, reported a net loss of $979,700, or 3 cents a share, for the second fiscal quarter, compared with profit of $14,000, or 2 cents a share, for the like period last year.

The company said the loss reflected nearly $1 million in additional product development expenses for Irvine Sensors’ newer subsidiaries, MicroSensors Inc. and Imagek Inc.

Revenue for the quarter ended March 28 advanced 20% to $3 million from $2.5 million.