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