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DSLN Reports Results
DSL.net Inc. (NASDAQ: DSLN) has reported fourth quarter and full-year 2002 financial results.
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Business New Haven
3/17/2003
By: BNH
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NEW HAVEN - DSL.net Inc. (NASDAQ: DSLN) has reported fourth quarter and full-year 2002 financial results. Revenue for the fourth quarter of 2002 was $11.3 million, a two-percent increase from fourth quarter 2001 revenue of $11.1 million and a slight increase over third quarter 2002 revenue. For the year ended December 31, 2002, revenue was $45.5 million, an 8.5-percent hike over revenue of $42 million for 2001. DSL.net ended the fourth quarter with more than 22,100 installed broadband subscriber lines.
Net loss for the fourth quarter of 2002 was $8.8 million, an 18-percent improvement over the net loss of $10.7 million reported for the fourth quarter of 2001. Net loss for the year was $36.1 million, a 69-percent improvement over the net loss of $115.5 million posted for 2001.
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