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Article: Porta Systems Corp. Reports Results for the Quarter and Year Ended December 31, 2005.
- Article from:
- Business Wire
- Article date:
- March 30, 2006
CopyrightCOPYRIGHT 2006 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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SYOSSET, N.Y. -- Porta Systems Corp. (OTCBB:PYTM) today reported an operating loss for the quarter ended December 31, 2005 of $1,236,000 compared to operating income of $922,000 for the quarter ended December 31, 2004. The fourth quarter loss reflects $877,000 of restructuring costs, of which $450,000 was treated as a prepaid expense at September 30, 2005.
The Company reported a net loss of $1,387,000, ($0.14) per share (basic and diluted), for the quarter ended December 31, 2005, as compared with net income of $469,000, $0.05 per share (basic and diluted), for the comparable quarter of 2004.
The Company reported operating income for the year ended ...
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