Terminal Data Loses $2.4 Million in Fourth Quarter

Terminal Data Corp., a Moorpark supplier of document-imaging products and services, reported losses for its fiscal fourth quarter and year ended Sept. 30.

The company attributed the losses to a $1.28-million charge recorded in the fourth quarter for unused leased space at its Moorpark facility. It also added $694,000 to its reserves for potential excess and obsolete inventory.

Terminal Data’s fourth-quarter loss was $2.4 million, in contrast with a year-earlier profit of $177,000. Its revenue was $5.22 million, up slightly from $5.1 million a year before.

For the full fiscal year, the company lost $3.27 million, while revenue fell 3%, to $20.1 million. In the previous year, Terminal Data lost $532,000 on $20.8 million in revenue.