Odetics Inc.

The Anaheim high-tech incubator company reported net income of $7.4 million, or 78 cents a share, for the first fiscal quarter ended June 30, which included royalty income of $17.8 million from a settlement with Storage Technology Corp. and a gain of $1.2 million on the sale of certain assets of the company’s solid state recorder business. A net loss of $6.6 million, or 74 cents a share, was reported for the previous year’s first fiscal quarter. Revenue decreased 11% to $19.6 million.