Kaypro Corp., the Solana Beach-based computer manufacturer,...
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Kaypro Corp., the Solana Beach-based computer manufacturer, reported only a slight increase in net income but a 41% jump in sales for its second quarter ended Feb. 27.
The company posted net income of $852,000 on sales of $28.9 million over the recently ended quarter, versus net income of $788,000 on sales of $20.4 million over the comparable quarter a year ago. This year’s second-quarter profit included a tax loss carry-forward credit of $343,000.
On a year-to-date basis, Kaypro net income stands at $2.1 million compared with a net loss of $1.7 million over the same six months last year. This year’s profit includes a tax loss carry-forward credit of $858,000. Year-to-date sales stand at $58.8 million, up 71% from the $34.5 million in sales reported a year ago.
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