Earnings Roundup: Enova Systems, Cherokee, UTI Worldwide, First Regional Bancorp, Prospect Medical Holdings

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& #8226; Enova Systems Inc.

, a Torrance-based digital power components supplier, reported a 2004 net loss of $3.4 million (1 cent per diluted share), compared with a loss of $3.2 million (1 cent) for the like period a year earlier. Revenue decreased to $2.6 million from $4.3 million in the prior year.


The company said its 2004 results included $350,000 in write-downs of obsolete inventory as well as expenses of $913,000 including depreciation, accrued interest and equity investment losses.



& #8226; Cherokee Inc.

, a Van Nuys-based apparel brand licenser to Target and other discount stores, reported net income of $4 million (46 cents per diluted share) for the fourth quarter ended Jan. 29, versus $2.7 million (32 cents) for the like period a year earlier. Revenue rose to $8.5 million from $7.6 million in the year-ago period.


& #8226; UTI Worldwide Inc.

, a Rancho Dominguez-based cargo company, reported net income of $18.6 million (58 cents per diluted share) for the fourth quarter ended Jan. 31, compared with income of $12.2 million (38 cents) for the like period a year earlier. Gross revenue rose to $627.3 million from $415.3 million in the year-ago period.



& #8226; First Regional Bancorp Inc.

, a Century City-based bank holding company, reported first-quarter net income of $5.2 million ($1.12 per diluted share), compared with income of $1.7 million (50 cents) for the like period a year earlier. The company reported total assets of $1.4 billion and a loan loss provision of $1.2 million.



& #8226; Prospect Medical Holdings, Inc.

, a Culver City-based health care management services company, reported net income of $1.1 million (13 cents per diluted share) for the first quarter ended Dec. 31, compared with $1.1 million (21 cents) for the like period a year earlier. Revenue rose to $33.3 million from $25.9 million in the year-ago period.

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