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Article: Porta Systems Corp. Reports Results for the Quarter Ended March 31, 2003.
- Article from:
- Business Wire
- Article date:
- May 15, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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