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Entrada Networks, Inc. today announced results for the second quarter of fiscal year 2002 ended July 31, 2001.
Entrada reported net sales from continuing operations, its adapter cards business, of $2.2 million for the second quarter, compared with $6.0 million reported in the same period last year. Its discontinued operations, the frame relay business, had net sales of $1.9 million for the second quarter. Total net sales for continuing and discontinued operations were $4.1 million for the second quarter.
For the second quarter the Company reported a net loss of $2.8 million, or $0.26 per share, compared to a net loss of $0.7 million, or $0.18 per share, for the same period last year. The second quarter fiscal 2002 figure includes net income from its frame relay business of $0.9 million, or $0.08 per share.
For the six months ended July 31, 2001, the Company reported net sales of $3.5 million from reportable legacy products, compared with $9.8 million reported in the same period last year. For the six months ended July 31, 2001 the Company’s net loss decreased to $6.2 million, or $0.57 per share, from a net loss of $7.8 million, or $1.84 per share, for the same period last year. The net loss figure includes net income from its frame relay business of $2.2 million, or $0.20 per share, in the first six months of fiscal 2002.
