& #8226; Point.360

, a Burbank-based provider of integrated media management services, reported net income of $69,000 (1 cent per diluted share) for the first quarter ended March 31, compared with $493,000 (5 cents) for the like period a year earlier. Revenue rose to $17.2 million from $15.5 million in the year-ago period.


The first quarter included revenues of $2.7 million related to the July 1 acquisition of International Video Conversions Inc. Without the acquisition factored in, Point.360 reported revenues of $14.5 million and net income of $44,000 (1 cent per diluted share). Revenues and net income for the like period a year earlier were not affected.


& #8226; NetSol Technologies , a Calabasas-based developer of software products for the automobile leasing industry, reported net income of $135,194 (1 cent per diluted share) for the third quarter ended March 31, compared with a loss of $295,885 (4 cents) for the like period a year earlier. Revenue rose to $3.2 million from $1.7 million in the year-ago period.


For the fiscal year ended June 30, the company expects revenues to exceed $11 million, above previous guidance of $10 million, and earnings of 5 cents per share.


& #8226; LTC Properties , a Malibu-based health care real estate investment trust, reported net income of $17.2million (74 cents per diluted share) for the first quarter ended March 31, compared with $926,000 (5 cents) for the like period a year earlier. Revenue rose to $22.9 million from $16.8 million in the year-ago period.


& #8226; MannKind Corp. , a Valencia-based biopharmaceutical development company with no revenues, reported a net loss of $22.2million (68 cents per diluted share) for the first quarter ended March 31, compared with a loss of $17.1 million (86 cents) for the like period a year earlier. The year-ago period includes $676,000 in expenses related to a preferred stock.


& #8226; Reinhold Industries , a Santa Fe Springs-based custom composite components manufacturer, reported net income of $1.7million (52 cents per diluted share) for the first quarter ended March 31, compared with $1.2 (37 cents) for the like period a year earlier. Revenue rose to $19 million from $12.6 million in the year-ago period.

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