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PhotoWorks Back in the Black

Direct marketing photo processor PhotoWorks Inc. reported net income of $478,000 for the fourth quarter, up from a net loss of $7.6 million last year. The Seattle-based company reported net revenues of $14.7 million for the quarter ended Sept. 29, a decline from $22.9 million for the fourth quarter of fiscal 2000.

Direct marketing photo processor PhotoWorks Inc. reported net income of $478,000 for the fourth quarter, up from a net loss of $7.6 million last year.

The Seattle-based company reported net revenues of $14.7 million for the quarter ended Sept. 29, a decline from $22.9 million for the fourth quarter of fiscal 2000.

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