SFE Narrows Loss in Quarter to $971,000

SFE Technologies narrowed its loss in the second quarter ended May 1 to $971,000, or 15 cents a share, contrasted with a loss of $3.1 million, or 49 cents a share, a year earlier. Sales fell 8.5%, to $10.1 million.

The San Fernando-based electronics company said increased efficiency at its plants, caused by a pickup in orders and sales from late last year, helped narrow the loss.

For the six months, SFE reported a loss of $3.0 million, or 45 cents a share, compared to a loss of $5.1 million, or 81 cents a share, a year earlier.