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AirNet posts slightly bigger loss on increased revenue

MELBOURNE, Fla.-AirNet Communications said it suffered a loss of $4.4 million for the fourth quarter of 2004, compared with a loss of $4.3 million in the year-earlier period. However, the company’s revenue was up 28.7 percent to $6.1 million in the period.

The company said the revenue was “within the forecasted range, representing a 20.5-percent increase from 4Q 2003.”

AirNet also said it shipped a record number of base stations in the fourth quarter and for the fiscal year.

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