QPC Narrows Loss

QPC Lasers Inc., a developer of high power semiconductor lasers in Sylmar, reported a net loss of $2.4 million or $0.06 per diluted share for the three months ended March 31 on revenues of $1.1 million. The first quarter, 2007 results compare with a $3.3 million loss or $0.14 per share on revenues of $266,564 for the comparable three-month period in 2006. QPC said that during the quarter it struck a partnership with Northrop Grumman Space Technology Cutting Edge Optronics and recorded more than 30 new orders, many from new customers.