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...Remote Network and Security Management and related services, today announced its financial results for its Fiscal Year 2004 second quarter ended September 30, 2003, and that it has signed a non-binding term sheet for an investment in the Company by Pequot Ventures, the private equity/venture capital arm of Pequot Capital Management, Inc., a leading investment firm.
The Company incurred a net loss of approximately ($668,000) or ($.14) per share for the Fiscal Year 2004 second quarter as compared to a net income of $41,000 or $.01 per share for the comparable quarter in the prior fiscal year; and a net loss for the six-month period ended September 30, 2003, of approximately ($631,000) or ($.13) per share, as compared to a net loss of approximately ($397,000) or ($.08) per share for the comparable...
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