Omni posts net loss, but revs up

Omni Films Intl. Inc. reported a net loss of $ 632,380 (21 cents a share) for the first fiscal quarter Dec. 31, compared to a net loss of $ 475,400 (16 cents) for the comparable period.

Revenues were up substantially to $ 796,513 vs. $ 387,245 in the same quarter last year.

Omni said its film licensing revenues for the quarter increased 87% over the same quarter last year, the result of a growing number of installations of the company’s theaters.

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