Anacomp Inc., the Poway-based provider of document management services, reported losing $15.2 million, or $1.06 per share, on revenues of $101.8 million for the first quarter ended Dec. 31, compared with losing $14.8 million, or $1.02 per share, on revenues of $114.4 million for the like period a year earlier.
The company announced earlier this month it retained the New York investment bank Allen & Co. to either sell the firm or find a merger partner.
CEO Ralph Koehrer said then it was time for the early investors in the reorganized firm to see some profit on their investment.
Anacomp said it could take three or four months for Allen to come up with a proposal.
Anacomp said it is developing a new subsidiary, docHarbor, an Internet storage and delivery service. In addition, it has three other business units: Document Solutions, a document management outsource service; Field Service, a maintenance unit; and Datagraphix, which offers systems, supplies and manufacturing services.
The company employs 2,500 employees in this country, Canada, Japan, Brazil and Europe, including some 600 employees in Poway.