Subex trims net loss in Q3

Subex reduced its net loss to $1.08 million in the third quarter ended December 31, on the back on $28.22 million in product revenues.

 

The company's net loss was placed at $8.79 million for its fiscal second quarter, on revenues of $18.06 million.

 

The company attributed its stronger bottom line to new order intakes in the third quarter, which came up to $27.95 million, up from only $14.99 million the quarter before. Subex was likewise able to reduce its operational costs by $4.07 million.

 

According to Subex, the increase in revenues and the stabilization of the company's costs were proof of the near completion of the integration of OSS provider Syndesis into the firm's operations. 

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