Audiotronics Reports Loss of $148,000, Drop in Sales
- Share via
Audiotronics posted a loss of $148,000, or 12 cents a share, in the first quarter ended Sept. 30, contrasted with a profit of $20,000, or 2 cents a share, a year earlier. Sales fell 7%, to $1.5 million.
In a statement, Audiotronics President Charles A. Musson said summer sales for the North Hollywood company, which makes audio-visual products used in classrooms, were much weaker than expected. Also, he said, the first-quarter results included interest payments on convertible bonds.
sg,2
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
