Beckman Coulter Inc., Fullerton, reported earnings of $38.6 million on sales of $517 million for the fourth quarter ended Dec. 31, compared with earnings of $18.5 million on sales of $483 million for the fourth quarter of 1998. For the year, the company posted earnings of $106 million on sales of $1.8 billion, compared with earnings of $33.5 million on revenue of $1.7 billion in 1998.
Downey Financial Corp., Newport Beach, reported earnings of $19.8 million on revenue of $179.6 million for the fourth quarter ended Dec. 31, compared with earnings of $12.7 million on revenue of $117.9 million for the prior fourth quarter. For the year, the company reported earnings of $63.8 million on revenue of $578.9 million, compared with earnings of $58.0 million on revenue of $469.3 million in 1998.
Westcorp, Irvine, reported earnings of $15.5 million on revenue of $128.5 million in the fourth quarter ended Dec. 31, compared with earnings of $762,000 on revenue of $110.8 million in the previous fourth quarter. For the year, the company posted earnings of $52.6 million on revenue of $507.6 million, compared with a net loss of $14.7 million on revenue of $405.5 million in 1998. Westcorp unit WFS Financial Inc., Irvine, reported earnings of $14.4 million on revenue of $187.9 million in the fourth quarter, compared with earnings of $1.0 million on revenue of $150.4 million in the fourth quarter of 1998. For the year, WFS posted earnings of $50.1 million on revenue of $688.6 million, compared with a net loss of $17.9 million on revenue of $550.1 million in 1998.
Wynn’s International Inc., Orange, posted earnings of $5.9 million on revenue of $87.9 million in the fourth quarter ended Dec. 31, compared with earnings of $6.5 million on revenue of $85.6 million in the fourth quarter of 1998. For the year, the company reported earnings of $27.8 million on revenue of $360.3 million, compared with earnings of $27.3 million on revenue of $336.9 million in 1998.
Epicor Inc., Irvine, reported a loss of $41.6 million on sales of $62.7 million for the fourth quarter ended Dec. 31, compared with a loss of $6.8 million on revenue of $33.4 million the fourth quarter of 1998. For the year, the company posted a loss of $48.8 million on sales of $258.2 million, compared with earnings of $8.0 million on sales $122.3 million in 1998. The 1999 earnings figures include write-downs for an 11% workforce reduction and other reorganization measures.
New Century Financial Corp., Irvine, posted earnings of $7.0 million on revenue of $60.7 million for the fourth quarter ended Dec. 31, compared with earnings of $8.8 million on revenue of $44.2 million in the previous fourth quarter. For the year, the company reported earnings of $39.5 million on revenue of $233.9 million, compared with earnings of $31.1 million on revenue of 176.4 million in 1998.
PairGain Technologies Inc., Tustin, reported earnings of $1.3 million on revenue of $51.6 million for the fourth quarter ended Dec. 31, compared with earnings of $3.6 million on sales of $60.7 million for the fourth quarter of 1998. For the year, the company reported earnings of $2.4 million on sales of $224.9 million, compared with earnings of $39.5 million on sales of $283.1 million for 1998.
Newport Corp., Irvine, reported earnings of $3.0 million on revenue of $41.5 million for the fourth quarter ended Dec. 31, compared with earnings of $2.6 million on revenue of $33.4 million for the fourth quarter of 1998. For the year, the company reported earnings of $8.3 million on revenues of $142 million, compared with $9 million on sales of $134.3 million in 1998.
CorVel Corp., Irvine, reported earnings of $3.0 million on sales of $46 million for the fourth quarter ended Dec. 31, compared with earnings of $2.6 million on sales of $42 million for prior fourth quarter. For the year, the company posted earnings of $8.8 million on sales of $138 million, compared with earnings of $7.7 million on revenue of $122 million in 1998.
Impac Mortgage Holdings Inc., Newport Beach, posted earnings of $3.9 million on revenue of $30.8 million for the fourth quarter ended Dec. 31, compared with a net loss of $8.1 million on revenue of $25.4 million in the previous fourth quarter. For the year, the company reported earnings of $22.3 million on revenue of $126.4 million, compared with a net loss of $5.9 million on revenue of $150.1 million in 1998.
Universal Electronics Inc., Cypress, reported earnings of $3.8 million on sales of $33.3 million for the fourth quarter ended Dec. 31, compared with earnings of $2.3 million on sales of $31.5 million for the fourth quarter of 1998. For the year, it earned $7.7 million on sales of $105.1 million, compared with earnings of $5.6 million on revenue of $96.1 million in 1998.
Odetics Inc., Anaheim, reported earnings of $20.7 million (including royalty income of $38.4 million stemming from the settlement of a lawsuit) on revenue of $19.6 million for its fiscal third quarter ended Dec. 31, compared with a loss of $3.8 million on sales of $20.1 million for the same quarter last year. For the nine-month period, the company posted earnings of $11.6 million (including the $38.4 million royalty income) on revenue of $61.9 million, compared with a net loss of $13.2 million on sales of $62 million in the same period the year before.
Aspeon Inc., Irvine, reported earnings of $1.0 million on revenue of $24.3 million for its fiscal second quarter ended Dec. 31, compared with earnings of $574,000 on revenue of $17.8 million for the prior-year quarter. For the six-month period, the company posted earnings of $1.6 million on revenue of $44.5 million, compared with earnings of $1.0 million on revenue of $30.8 million the same period a year earlier.
Onyx Acceptance Corp., Foothill Ranch, reported earnings of $2.6 million on revenue of $23.1 million in the fourth quarter ended Dec. 31, compared with earnings of $2.5 million on revenue of $18.4 million in the fourth quarter of 1998. For the year, the company posted earnings of $9.8 million on revenue of $88.9 million, compared with earnings of $6.1 million on revenue of $60.4 million in 1998.
Amplicon Inc., Santa Ana, reported earnings of $5.3 million on sales of $20.3 million for its fiscal second quarter ended Dec. 31, compared with earnings of $5.3 million on sales $19.8 million the prior second quarter. For the six-month period, the company posted earnings of $9.6 million on sales of $34.8 million, compared with earnings of $9.9 million on sales of $34.7 million the same period the year before.
Autobytel.com Inc., Irvine, posted a $4.9 million loss on sales of $12.4 million for the fourth quarter ended Dec. 31, compared with a net loss of $3.9 million on sales of $7.3 million in the previous fourth quarter. For the year, the company posted a $23.3 million loss on revenue of $40.2 million, compared with a net loss of $19.4 million on sales of $23.8 million in 1998.
Diedrich Coffee Inc., Costa Mesa, posted earnings of $599,000 on revenue of $19.1 million for the fiscal second quarter ended Dec. 15. For the six-month period, the company reported earnings of $210,000 on revenue of $35.4 million. The company did not report comparative year-ago data, because of a change in its fiscal year.
Troy Group Inc., Santa Ana, reported earnings of $2.3 million on sales of $17.7 million for the fiscal fourth quarter ended Nov. 30, compared with earnings of $574,000 on sales of $8.0 million in the year-ago quarter. For the fiscal year, the company posted earnings of $5.8 million on revenue of $58.6 million, compared with earnings of $3.2 million on revenue of $35.8 million in the prior year.
Pen Interconnect Inc., Irvine, posted a net loss of $12 million on sales of $17.7 million for the fiscal year ended Sept. 30, compared to a net loss of $5.4 million on sales of $17 million in the prior year.
First Alliance Corp., Irvine, reported a net loss of $259,000 on revenue of $15.3 million for the fourth quarter ended Dec. 31, compared with net income of $2.3 million on revenue of $20.1 million in the fourth quarter of 1998. For the year, the company posted earnings of $3.8 million on revenue of $70.0 million, compared with earnings of $14.2 million on revenue of $83.8 million in 1998.
CAM Data Systems Inc., Fountain Valley, reported earnings of $200,000 on sales of $6.6 million for its fiscal first quarter ended Dec. 31, compared with earnings of $200,000 on sales of $5.6 million for the prior first quarter.
Veronex Technologies Inc., Irvine, posted earnings of $1.3 million on sales of $2.7 million for its third quarter ended Nov. 30, compared with earnings of $7.2 million on sales of $15.3 million for the same quarter last year. For the nine-month period, the company reported earnings of $6.4 million on sales of $9.9 million, compared with $7.4 million on sales of $17.4 million for the same period last year.
Ceradyne Inc., Costa Mesa reported revenue of $9.1 million for the fourth quarter ended Dec. 31, compared with revenue of $6.3 million in the prior fourth quarter. For the year, the company reported revenue of $30.5 million, compared with revenue of $26.3 million in 1998. The company will make a full financial report, including earnings, later this month.
Collector’s Universe Inc., Santa Ana, posted earnings of $509,000 on revenue of $9.8 million for the fiscal second quarter ended Jan. 1, compared with a net loss of $62,000 on revenue of $4.2 million in the prior second quarter. For the six-month period, the company reported earnings of $454,000 on revenue of $18.7 million, compared with earnings of $151,000 on revenue of $8.2 million in the prior-year period.
Quality Systems Inc., Tustin, reported earnings of $475,000 on revenue of $8.8 million for its third quarter ended Dec. 31, compared with earnings of $369,000 on revenue of $8.8 million for the prior third quarter. For the nine-month period, the company reported earnings of $1.9 million on revenue of $27.6 million, compared with a loss of $171,000 on revenue of $24 million in the prior-year period.
Sync Research Inc., Irvine, reported a loss of $552,000 on revenue of $4.2 million for the fourth quarter ended Dec. 31, compared with a $6.6 million loss on sales of $4.5 million in the fourth quarter of 1998. For the year, the company reported a loss of $4.3 million on sales of $18.2 million, compared with a $15.4 million loss on sales of $24.7 million in 1998.
Biomerica Inc., Newport Beach, reported a net loss of $675,000 on sales of $1.95 million for its fiscal second quarter ended Nov. 30, compared with a net loss of $6,000 on sales of $2.2 million for the prior second quarter.
Radiance Medical Systems, Tustin, reported a net loss of $1.1 million on revenue of $1.7 million for its fiscal fourth quarter ended Dec. 31, compared with a net loss of $2.8 million on revenue of $3.5 million in the prior third quarter. For the year, it lost $12.5 million on revenue of $6.7 million, compared to losses of $8.0 million on revenue of $12.2 million.
Invitro International, Irvine, posted earnings of $12,000 on revenue of $170,000 for the fiscal fourth quarter ended Sept. 30, compared with a net loss of $188,000 on revenue of $153,000 in the prior fourth quarter. For the fiscal year, the company reported earnings of $61,000 on revenue of $649,000, compared with a net loss of $372,000 on revenue of $560,000 in the prior year.
