Wins up, losses down for Evolved in 3Q
Evolved Digital Systems Inc. reported revenue increase and loss decrease in the third quarter of FY04 ending September 30.
Revenues increased 60 percent to $4.1 million, compared with $2.6 million in the third quarter of FY03. Net loss declined 86 percent to $1.3 million, compared with $9.4 million in the year-ago quarter.
For the nine month period, total revenues increased 68 percent to $12.7 million, compared with $7.5 million in the first nine months of FY03. Net loss declined 68 percent to $8.7 million, compared with $27.4 million in the year-ago period.
Revenues increased 60 percent to $4.1 million, compared with $2.6 million in the third quarter of FY03. Net loss declined 86 percent to $1.3 million, compared with $9.4 million in the year-ago quarter.
For the nine month period, total revenues increased 68 percent to $12.7 million, compared with $7.5 million in the first nine months of FY03. Net loss declined 68 percent to $8.7 million, compared with $27.4 million in the year-ago period.