Trusted posts $4.3 million loss for 4th quarter

March 05, 1998|By Mark Ribbing | Mark Ribbing,SUN STAFF

Trusted Information Systems Inc. of Glenwood announced a net loss of $4.3 million -- or 31 cents per share -- for its fourth quarter, which ended Dec. 26. A year earlier, Trusted Information had a net loss of $1.2 million, or 10 cents per share.

The company said yesterday that, were it not for extraordinary costs, such as the October acquisition of Haystack Laboratories Inc., it would have generated a profit of 1 cent per share in the quarter. "The company was able to achieve an operating profit for the first time since going public [in October 1996]," said Chief Financial Officer Ron Kaiser.

For the year, Trusted reported a net loss of $8.6 million, or 63 cents a share, compared with a net loss of $3.2 million, or 32 cents a share, for 1996.

Fourth-quarter revenue was $12.4 million, 26 percent more than the 1996 quarter. Annual revenue was $42.2 million.

Pub Date: 3/05/98

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