ATLANTA-Preferred Networks Inc. announced a first quarter net loss of $5.7 million, or 59 cents per share, compared with $3.8 million, or 41.5 cents per share, reported after the first quarter of 1998.
Revenues increased 4 percent to $9.6 million, from $9.3 million the previous first quarter.
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During the quarter, the company announced the pending sale of its Preferred Technical Services Inc. subsidiary and a patent claim for its Platform1 switching technology. Most recently, the company announced the first product using that platform, the iTerminal for paging carriers.
