Irvine Sensors Reports Loss for the Year

Irvine Sensors Corp., a Costa Mesa electronics company, reported a net loss of $9.1 million, or 29 cents a share, for the fiscal year ended Oct. 3, compared with a year-earlier net loss of $4.2 million, or 19 cents a share. Revenue increased 19% to $11.1 million from $9.3 million. The company attributed the higher loss to increased development costs from its MicroSensors Inc. and Silicon Film Technologies Inc. units.