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Article: Porta Systems Corp. Reports Results for the Quarter and Six Months Ended June 30, 2001, and Current Status of the Company's Subordinated Notes.
- Article from:
- Business Wire
- Article date:
- August 15, 2001
CopyrightCOPYRIGHT 2001 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
SYOSSET, N.Y.--(BUSINESS WIRE)--Aug. 15, 2001
Porta Systems Corp. (AMEX:PSI) today reported an operating loss for the quarter ended June 30, 2001 of $1,239,000 compared to an operating loss of $1,952,000 for the quarter ended June 30, 2000.
The Company recorded a net loss of $2,511,000, $(0.25) per share (basic and diluted) versus a net loss of $2,887,000, $(0.25) per share (basic and diluted), for the quarters ended June 30, 2001 and 2000, respectively.
The Company reported an operating loss for the six months ended June 30, 2001 of $3,644,000 compared to an operating loss of $779,000 for the six months ended June 30, ...