Tokos Sees First-Quarter Profits Double

Tokos Medical Corp., the Santa Ana provider of home monitoring devices for high-risk pregnancies, said net income for the first quarter nearly doubled, to $4 million, or 24 cents per share, from $2.1 million, or 13 cents per share, a year earlier. Revenue increased 45%, to $34.9 million from $24.1 million. Robert F. Byrnes, chairman and chief executive, said: “We are continuing to successfully grow our business. During the first quarter of 1992, we continued our revenue momentum generated during 1991 while accelerating our operating income and earnings growth rate.”