Advanced Logic Research Posts Quarterly Loss of $2.7 Million

Advanced Logic Research Inc., the Irvine manufacturer of microcomputer systems posted a loss of $2.7 million, or 24 cents a share, for its third fiscal quarter, which ended June 30. That contrasted with a profit of $1.6 million, or 14 cents a share, for the comparable period last year. Revenue declined 32% to $36.1 million from $52.7 million. For the latest nine months, the company reported a loss of $5.8 million, or 52 cents a share. That contrasted with a profit of $3 million, or 27 cents a share, for the same period last year. Nine-month revenue was $122.5 million, down from $158.4 million. The company attributed the declines in revenue to heightened price competition.