Digitext Narrows Losses, but Its Sales Plummet 70%

Digitext in Thousand Oaks said it narrowed its losses in the second quarter that ended Sept. 30 to $527,205 compared to a loss of $741,153 in the same period a year earlier. But sales plummeted 70% to $138,609 from $456,467 a year earlier.

Chairman Philip Haines said the company was able to reduce its costs while it was reworking its product, a keyboard that rapidly enters text, such as stenography notes, into a computer. Mechanical problems had delayed shipment of the new keyboards until this summer.

For the six months that ended Sept. 30, Digitext lost $1.5 million on sales of $189,204. In the same period a year earlier, the company lost $1.4 million on sales of $988,040.