Business

Mass. Movers

LoJack posts $1.7m profit a year after loss

Boston police intercept a suspected stolen car.

Globe file photo

Boston police intercept a suspected stolen car.

Canton-based LoJack Corp., which provides vehicle theft

recovery systems and fleet management solutions, last week posted quarterly revenue of $34.8 million, up 6 percent from a year earlier. Net income was $1.7 million, versus

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a net loss of $7.3 million in the year-earlier quarter. ‘‘Our strong third-quarter performance reflects the growing base of our

Stolen Vehicle Recovery units that are being pre-installed on

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domestic dealer inventories,’’ said chief executive Randy

Ortiz. Such units accounted for about 46 percent of total volume in

the quarter, he said in a statement.

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