Telematics firm posts losses in fiscal 3Q
Vehicle telematics firm Elite Logistics said it lost $745,817 in its third fiscal quarter of 2002 on revenues of just $159,766. That compares to revenues of $872,565 and a loss of $478,198 in the same fiscal period of 2001. For the first nine months, Elite reported revenues of $601,840 and losses of over $1.96 million. That compares to revenues of $1.54 million and a loss of $1.41 million for the