Chatsworth’s PerfectData Loses $1.08 a Share for 2nd Quarter

PerfectData reported a loss of $3.5 million, or $1.08 a share, in the second quarter ended Sept. 30. During the same period last year, it recorded a $12,000 profit.

The Chatsworth-based company, which makes computer cleaning and maintenance products, said its sales in the quarter fell 25% to $1.3 million from the year-earlier period.

PerfectData said its second-quarter loss stemmed primarily from costs associated with its withdrawal from the floppy-disk business.

For the six months, PerfectData lost $4.3 million, or $1.29 a share, on revenue of $2.6 million. A year earlier, the company reported a $14,000 profit on revenue of $3.0 million.

PerfectData’s earnings report followed last week’s announcement that it had named Georg Herzfeld vice president and chief operating officer. He replaced Michael Jones, who was dismissed as vice president of operations two months ago, said C. Paul Davis, the company’s chief executive.

Herzfeld joined PerfectData in 1984 when the company acquired his company, International Data Automation, and most recently was vice president of international operations.