Comarco Inc. posted a profit of $354,000...

Comarco Inc. posted a profit of $354,000 for its first quarter ended April 23. It had net income of $5.2 million for the comparable 3 months a year ago. The prior year’s quarter included a gain of $4.8 million from the exchange of common stock for convertible debentures. Revenue for the recent quarter declined 10%, to $19.7 million from $21.9 million a year ago. Anaheim-based Comarco provides computer-based products and services to the government, commercial and industrial markets.