Printronix Inc.
The Irvine manufacturer of computer printers posted net income of $113,000, or 2 cents a share, for the fourth quarter ended March 30, down from $2.5 million, or 38 cents a share, a year ago. Revenue declined 24% to $36.6 million. For the year, the company lost $1.3 million, or 22 cents a share, which included restructuring charges of $900,000. In the previous year, the company earned $10.5 million, or $1.56 a share. Revenue dropped 17% to $158.1 million.