Tice Technology Inc, maker of industrial sewing equipment, reported a net loss of $1.524 million or $0.12 per diluted share for the fiscal year ended March 31, 2001, compared to a net loss of $1.343 million or $0.15 per diluted share in the previous year. Revenues for the year ended March 31, 2001 were $3.989 million, up 699 per cent from $499,465 in the previous year.