Martin Lawrence Reports $927,000 Loss in Quarter
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Martin Lawrence Limited Editions Inc., a Van Nuys art company, reported that it posted a $927,000 net loss for the first quarter that ended March 31, compared to a loss of $599,000 during the year-ago period. Revenues in the latest quarter climbed 17%, to $4.17 million from $3.56 million.
Allen A. Baron, chairman, said the company reported a bigger loss this year because last year’s loss was partially offset by a $1.03-million insurance reimbursement following the Northridge earthquake.
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