ARV Assisted Living Inc.: The Costa Mesa...

ARV Assisted Living Inc.: The Costa Mesa company, which completed its initial public offering in October, reported net income of $103,586 for the fiscal third quarter ended Dec. 31, contrasted with a net loss of $29,049, or 3 cents a share, for the like period a year ago. Revenue rose to $9.5 million from $3.2 million.

For the nine-month period, the company posted a net loss of $1.3 million, or 28 cents a share, compared with a year-earlier net loss of $1.5 million, or 35 cents a share. Revenue increased to $20.4 million from $6.5 million. The company attributed the revenue growth primarily to the addition of 15 assisted living facilities.