San Diego-based Iomega Corp., which has several hundred employees in Roy, on Monday reported final results for the quarter ended March 28, following a review of its net tax assets and associated valuation reserves.
The computer data storage device company said it had a net loss of $4.9 million, or 9 cents per share, during the quarter. That compares with net income of $5.3 million, or 10 cents per share, for the prior-year period.
The 2004 quarter included a $1.6 million increase in the tax valuation allowances on the company's net deferred tax assets. The 2003 quarter included a $3.7 million after-tax from legal settlements.
The company already had reported that revenue totaled $84.1 million, down from $106.2 million a year ago.
Iomega stock rose 3 cents Tuesday to close at $4.60 per share on the New York Stock Exchange. During the past year, the price has ranged from $4.56 to $12.12.