MOUNT PROSPECT, Ill.-Illinois Superconductor Corp. announced a third quarter net loss of $3 million, or 58 cents per share, compared with a net loss of $3.2 million, or 70 cents per share, reported last year.
Net revenues for the quarter ended Sept. 30 were $216,750, compared with $25,000 for the same period last year. The company reported progress in achieving revenue growth and expanding relationships with cellular and personal communications services providers.