Telenetics Reports Net Loss of $1.1 Million

Telenetics Corp., a Lake Forest provider of wireless remote monitoring and data collection products, reported a net loss of $1.1 million, or 11 cents a share, for last year, compared with a loss of $204,000, or 2 cents a share, for the previous year. Sales rose to $11.9 million from $4.5 million. In January 1999, the company changed its fiscal year end from March 31 to Dec. 31.