Article: Porta Systems Corp. Reports Results for the Quarter Ended March 31, 2003.

Business Editors/High-Tech Writers

SYOSSET, N.Y.--(BUSINESS WIRE)--May 15, 2003

Porta Systems Corp. (OTC.BB:PYTM) today reported an operating loss for the quarter ended March 31, 2003 of $1,135,000, compared to an operating loss of $1,749,000 for the quarter ended March 31, 2002. The Company recorded a net loss of $1,426,000, $(.14) per share (basic and diluted), for the quarter ended March 31, 2003, versus a net loss of $2,637,000, $(.26) per share (basic and diluted), for the comparable quarter in 2002.

Sales for all units were $4,374,000 for the quarter ended March 31, 2003 versus $4,744,000 for the quarter ended March 31, 2002, a decrease ...

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