RICHARDSON, Texas-@Track Communications Inc. reported revenues for the third quarter ended Sept. 30 of $28 million, slightly less than the $29.1 million in revenues reported for the same period last year.
The company had a net loss of $2.8 million, or 11 cents per share, compared with a net loss of $6.2 million, or 25 cents per share, for third-quarter 1999.
Jana Ahlfinger Bell, president and chief executive officer of @Track, said the third-quarter financial results were well in line of expectations and “were considerably improved from the 2000 second quarter, as we experienced a 26-percent growth in total revenues.”
“As we move forward into the fourth quarter, we believe that revenues for the year will be approximately $90 million. We anticipate the primary growth in the fourth quarter will be driven by product revenue derived from ongoing installations of the remaining 16,000 units out of approximately 28,000 units previously contracted for by member companies of SBC Communications Inc.,” Bell added.
