Netter Digital Tells of $986,000 Loss in 3rd Quarter

Netter Digital Entertainment Inc., North Hollywood, announced a net loss of $986,000 for the fourth quarter that ended June 30 compared to a net income of $$229,000 for the same period last year. Revenues were $3.4 million, down from $8.2 million.

For the year that ended June 30, Netter reported a net loss of $709,000 compared to a net income of $512,000 for the previous year. Revenues were $23.3 million compared to $28.4 million.

Netter acquires, develops and produces television series and movies for both television and theater, and provides special effects animation services to the entertainment industry.