Metricom revenue plummeted nearly 50% to $2.4 million in 4th quar...
Metricom revenue plummeted nearly 50% to $2.4 million in 4th quarter ended Dec. 31 from same period last year. Company, which offers high-speed mobile Internet service Ricochet, reported net loss more than doubled to $114.4 million from net loss…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
of $56.3 million year earlier. Metricom CEO Timothy Dreisbach said results were in line with expectations but company was scaling back deployment plans due to “the reality of the tight capital markets.” Company said it had sufficient funding for operations and network build-out into 2nd half of year, but would need more financing beyond that. On earnings news, Metricom shares fell nearly 44% on Nasdaq Thurs. to $5.81.