Kaypro Corp. Reports $1.3-Million Earnings

Kaypro Corp. reported $1.3 million in net earnings for the first quarter ended Nov. 28, contrasted with a $2.5-million net loss during the same quarter a year ago. However, the return to profitability included a $515,000 income tax carry-forward.

Revenue increased 113% to $29.9 million.

The Solana Beach-based personal computer manufacturer credited its improved performance to growing consumer acceptance of its 16-bit, personal computer product line. Kaypro also signed an agreement to provide personal computers to Amway Corp.