Autologic announces increased revenues, net income

Autologic (Thousand Oaks, CA, http://www.autoiii.com

) has announced financial results for the quarter ended August 1, 1997. Revenues inched up 4% from Q3 '96 to $22.3 million. Net income of $825,000 compares with a net loss of $678,000 in Q3 '96. Gains in gross profit margins on product sales are due in part to a more profitable product mix and strong sales of aai’s 3850 imager, according to president and VP Dennis Doolittle. Improved cash flow from the companies operations, reduced accounts receivable and inventory levels, and cost reductions realized from 1996 mergers are also contributing factors.