Caere shows net loss

Caere (Los Gatos, CA, Nasdaq: CAER, http://www.caere.com

) announces Q1 '97 revenue of $12.6 million, which compares with Q1 '96 results of $13.6. A net loss of $1.9 million includes a one-time charge of $2.9 million related to the acquisition of Formonix. The OCR and forms processing company reported a net income of $1.3 million for Q1 '96.