Flat-rate wireless carrier Leap has reported a wider-than-expected third-quarter net loss because of higher interest and tax expenses from a change in accounting methods. The carrier had to delay reporting its Q3 results because it had to restate past finances. Leap had a net loss of $43.3 million compared with a restated loss of $800,000 in the third quarter of 2006. The carrier's revenue increased by 40 percent to $409.7 million, up from $293.3 million in Q3 2006.
For more on Leap's third quarter:
- read this press release [1]
Links:
[1] http://www.fiercewireless.com/press-releases/leap-posts-wider-expected-q3-loss