Alpharel Reports Loss of $2.2 Million in 1st Quarter

Alpharel said it narrowed its loss to $2.2 million in the first quarter that ended March 31 from $3.7 million a year earlier.

The Camarillo company, which makes computer data storage devices, said its sales rose to $1.2 million from $628,000 a year earlier. Alpharel added that its operating expenses fell $1.5 million in the quarter from a year earlier.