Middlefield optical instruments maker Zygo Corp.’s third-quarter profits fell 82 percent in its first fiscal quarter, due mainly to one-time charges, it reported.
Zygo netted $400,000 for the quarter ended Sept. 30, down from $2.4 million in its first quarter of 2012.
Excluding the charges — expenses related to income taxes and a terminated acquisition effort — the company would have booked flat profits, it said.
Revenue was nearly flat at $40.1 million, down from $40.2 million.
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Zygo said it’s in the early stages of a search for a new CEO, following the resignation of Chris L. Koliopoulos in October.
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