Vertel Reports Net Loss of $1.8 Million for Quarter
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Vertel Corp., Woodland Hills, reported a net loss of $1.8 million for the quarter ended June 30, compared with a loss of $172,000 for the like quarter last year.
Revenues for the company, which makes and distributes telecommunications networking software, were $5.6 million, up 12% from $5 million in the second quarter last year.
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