TORONTO-724 Solutions Inc. reported revenue for its third quarter of $5.6 million, up from the $5 million in the company’s previous quarter but down from the $10 million it scored during the same quarter last year. The company’s net loss was $21.5 million.
“Our priority is clear, we are moving the company aggressively towards profitability through continued growth and prudent cost management,” said John Sims, the company’s chief executive officer. “The new X-treme Mobility Suite of products, our partnership with HP and the success of the implementation of our X-treme Pull Gateway within Sprint’s PCS Vision network demonstrates that our focus on next generation data networks is gaining real traction.”
The company’s stock jumped 22 percent after the news to about 60 cents per share.
