High-resolution monitor maker Image Systems reported weakening sales and a net loss for the fourth quarter and fiscal year (end April 30). The Minnetonka, MN-based firm booked net sales of $1.3 million in Q4, down 14% from net sales of $1.5 million during the same quarter last year. For the year, net sales were $5 million, down 18% from the $6.1 million reported in 2000.
The firm's net loss reached $104,000 in Q4, compared with a net loss of $78,000 in the same quarter of 2000. For the 12-month period, the company's net loss was $532,000, compared with a net loss of $105,000 a year earlier, according to Image Systems.
By AuntMinnie.com staff writers
August 1, 2001
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