Aether's 2Q revenues down

Wireless and mobile data system provider Aether Systems Inc. today said that its second-quarter revenues were lower than they reported in the same period last year. Revenues for the second quarter were $27.8 million, including subscriber revenue of $17.8 million, engineering services revenue of $172,000, software product revenue of $5.6 million, and device sales of $4.2 million. In the same period

Aug. 13, 2003

Wireless and mobile data system provider Aether Systems Inc. today said that its second-quarter revenues were lower than they reported in the same period last year.

Revenues for the second quarter were $27.8 million, including subscriber revenue of $17.8 million, engineering services revenue of $172,000, software product revenue of $5.6 million, and device sales of $4.2 million.

In the same period last year, revenues were $31.6 million, including subscriber revenue of $19.9 million, engineering services revenue of $712,000, software product revenue of $5.6 million, and device sales of $5.4 million.

Aether's second-quarter net loss was $14.7 million, down from $19.5 million in the same period last year, and a net operating loss of $7.3 million, down from $25.7 million a year ago.

Chairman & CEO Dave Oros noted it was Aether's eighth consecutive quarter of improvements with regard to net operating loss. Oros said that was achieved by reducing its adjusted operating expenses to $18.5 million.