Changes put SDRC back on path to profit. (Structural Dynamics Research Corp.)

After posting combined net losses of almost $23 million in 1994 and '95, Milford-based Structural Dynamics Research Corp. turned around its fortunes to finish last year with net income of $33.7 million.

"We've been working really hard in the past two years," said Albert Peter, president and chief executive officer of the Milford-based software firm. "We've streamlined the company and improved the infrastructure."

For the first quarter of 1997, SDRC reported a loss of $12.4 million on sales of $80.7 million. But that resulted from a one-time charge of $20.9 million related to the acquisition of Metaphase Technologies Inc.

Peter said the first quarter gave SDRC "a good start toward accomplishing our financial objectives this year."

SDRC creates and markets mechanical design and production management software that allows manufacturers to improve product development and engineering. The company …