Hytek Microsystems of Carson City lost $400,000 on revenues of $2.5 million in the quarter ended Jan.
31.
This compares with a loss of $580,000 on revenues of $2.6 million in the comparable quarter a year earlier.
Hytek expects to complete a merger with California-based Natel Engineering Co.
Inc.
during the second quarter.
After the merger, Hytek no longer will be publicly held.
For its fiscal year ended Jan.
31, Hytek reported a loss of $549,000 on revenues of $10.1 million.
A year earlier, it lost $970,000 on revenues of $10.2 million.
The company noted that an increased portion of its business during the most recent fiscal year came from Medtronic A/S, but Medtronic in January said it wouldn't be buying from Hytek any longer.
Another major customer, Chesapeake Science Corp., scaled back its purchases of military-related products from Hytek during the year.
Hytek makes hybrid microelectronic circuits that are used in military,medical and other applications.
