Terminal Data Reduces Losses in 3rd Quarter

Terminal Data Corp. said it narrowed its fiscal third-quarter loss compared with a year earlier, to $251,000 from $916,000.

The company, a Moorpark-based maker of document imaging systems, said the latest loss in the quarter ending June 30 came on a 5% increase in its sales, to $5.12 million from $4.9 million. However, Terminal Data said sales of certain of its check-processing equipment “were weaker than planned.”

For the first nine months of its fiscal year, the company posted a $709,000 loss, compared with a $1.93-million loss a year earlier, and its nine-month sales edged up 3%, to $15.7 million from $15.3 million.